Cost of Living: Red wing, MN vs Carrboro, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red wing | Carrboro |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $275,000 | $405,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Red wing vs Carrboro
- The median home price in Carrboro is higher at $405,000, compared to $275,000 in Red wing.
- The rent for a two-bedroom apartment is equal in both Red wing and Carrboro 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 | Red wing | Carrboro |
|---|---|---|
| Electricity Price | $16.38 | $13.72 |
| Natural Gas Price | $14.87 | $Data is updating |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Red wing vs Carrboro
- Electricity costs are higher in Red wing at $16.38 per kWh, compared to $13.72 in Carrboro.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Red wing and Carrboro averaging $200.