Cost of Living: Radford, VA vs Minot, ND

Housing

The housing market plays a significant role in determining the cost of living.

Metric Radford Minot
Housing Index 90.0 90.0
Median Home Price $205,000 $273,000
Average Rent (2 BR Apartment) $1200 $1200
Average Rent (2 BR House) $1360 $1300

Housing Comparison: Radford vs Minot

  • The median home price in Minot is higher at $273,000, compared to $205,000 in Radford.
  • The rent for a two-bedroom apartment is equal in both Radford and Minot 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 Radford Minot
Electricity Price $15.31 $13.65
Natural Gas Price $19.91 $10.8
Other Utilities $250 $200

Utilities Comparison: Radford vs Minot

  • Electricity costs are higher in Radford at $15.31 per kWh, compared to $13.65 in Minot.
  • Natural gas is more expensive in Radford at $19.91 per unit, while it is cheaper at $10.8 in Minot.
  • Other utility costs are higher in Radford at an average of $250, compared to Minot with $200.