Cost of Living: Red wing, MN vs Desoto, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red wing | Desoto |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $275,000 | $342,000 |
| Average Rent (2 BR Apartment) | $1200 | $1450 |
| Average Rent (2 BR House) | $1280 | $1500 |
Housing Comparison: Red wing vs Desoto
- The median home price in Desoto is higher at $342,000, compared to $275,000 in Red wing.
- In Desoto, the rental for a two-bedroom apartment stands at $1,450, while it is $1,200 in Red wing.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Red wing | Desoto |
|---|---|---|
| Electricity Price | $16.38 | $14.47 |
| Natural Gas Price | $14.87 | $26.29 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Red wing vs Desoto
- Electricity costs are higher in Red wing at $16.38 per kWh, compared to $14.47 in Desoto.
- Desoto experiences higher natural gas costs at $26.29 per unit, with costs at $14.87 in Red wing.
- Desoto has higher utility expenses, averaging $250, while Red wing averages $200.