Cost of Living: Parker, CO vs Northfield, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Parker | Northfield |
|---|---|---|
| Housing Index | 138.0 | 90.0 |
| Median Home Price | $560,000 | $350,000 |
| Average Rent (2 BR Apartment) | $2200 | $1400 |
| Average Rent (2 BR House) | $2245 | $1365.6 |
Housing Comparison: Parker vs Northfield
- In Parker, the median home price is higher at $560,000, while in Northfield it is $350,000.
- Renting a two-bedroom apartment costs more in Parker at $2,200 than in Northfield at $1,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Parker | Northfield |
|---|---|---|
| Electricity Price | $15.21 | $16.38 |
| Natural Gas Price | $11.3 | $14.87 |
| Other Utilities | $290 | $240 |
Utilities Comparison: Parker vs Northfield
- Northfield has higher electricity costs at $16.38 per kWh, versus $15.21 in Parker.
- Northfield experiences higher natural gas costs at $14.87 per unit, with costs at $11.3 in Parker.
- Other utility costs are higher in Parker at an average of $290, compared to Northfield with $240.