Cost of Living: Palatka, FL vs Red wing, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Palatka | Red wing |
|---|---|---|
| Housing Index | 70.0 | 90.0 |
| Median Home Price | $199,000 | $275,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1280 |
Housing Comparison: Palatka vs Red wing
- The median home price in Red wing is higher at $275,000, compared to $199,000 in Palatka.
- The rent for a two-bedroom apartment is equal in both Palatka and Red wing at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Palatka | Red wing |
|---|---|---|
| Electricity Price | $13.89 | $16.38 |
| Natural Gas Price | $26.13 | $14.87 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Palatka vs Red wing
- Red wing has higher electricity costs at $16.38 per kWh, versus $13.89 in Palatka.
- Natural gas is more expensive in Palatka at $26.13 per unit, while it is cheaper at $14.87 in Red wing.
- Utility expenses are equal in both Palatka and Red wing averaging $200.