Cost of Living: Red wing, MN vs Lake leelanau, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red wing | Lake leelanau |
|---|---|---|
| Housing Index | 90.0 | 120.0 |
| Median Home Price | $275,000 | $393,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1280 | $1840 |
Housing Comparison: Red wing vs Lake leelanau
- The median home price in Lake leelanau is higher at $393,000, compared to $275,000 in Red wing.
- In Lake leelanau, the rental for a two-bedroom apartment stands at $1,800, 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 | Lake leelanau |
|---|---|---|
| Electricity Price | $16.38 | $19.88 |
| Natural Gas Price | $14.87 | $15.42 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Red wing vs Lake leelanau
- Lake leelanau has higher electricity costs at $19.88 per kWh, versus $16.38 in Red wing.
- Lake leelanau experiences higher natural gas costs at $15.42 per unit, with costs at $14.87 in Red wing.
- Lake leelanau has higher utility expenses, averaging $250, while Red wing averages $200.