Cost of Living: Owatonna, MN vs Monterey, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Owatonna | Monterey |
|---|---|---|
| Housing Index | 90.0 | 160.3 |
| Median Home Price | $269,000 | $1,135,000 |
| Average Rent (2 BR Apartment) | $1200 | $3000 |
| Average Rent (2 BR House) | $1280 | $3060 |
Housing Comparison: Owatonna vs Monterey
- The median home price in Monterey is higher at $1,135,000, compared to $269,000 in Owatonna.
- In Monterey, the rental for a two-bedroom apartment stands at $3,000, while it is $1,200 in Owatonna.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Owatonna | Monterey |
|---|---|---|
| Electricity Price | $16.38 | $32.99 |
| Natural Gas Price | $14.87 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Owatonna vs Monterey
- Monterey has higher electricity costs at $32.99 per kWh, versus $16.38 in Owatonna.
- Monterey experiences higher natural gas costs at $16.99 per unit, with costs at $14.87 in Owatonna.
- Utility expenses are equal in both Owatonna and Monterey averaging $250.