Cost of Living: Red wing, MN vs Southfield, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red wing | Southfield |
|---|---|---|
| Housing Index | 90.0 | 105.0 |
| Median Home Price | $275,000 | $264,000 |
| Average Rent (2 BR Apartment) | $1200 | $1400 |
| Average Rent (2 BR House) | $1280 | $1440 |
Housing Comparison: Red wing vs Southfield
- In Red wing, the median home price is higher at $275,000, while in Southfield it is $264,000.
- In Southfield, the rental for a two-bedroom apartment stands at $1,400, 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 | Southfield |
|---|---|---|
| Electricity Price | $16.38 | $19.88 |
| Natural Gas Price | $14.87 | $15.42 |
| Other Utilities | $200 | $260 |
Utilities Comparison: Red wing vs Southfield
- Southfield has higher electricity costs at $19.88 per kWh, versus $16.38 in Red wing.
- Southfield experiences higher natural gas costs at $15.42 per unit, with costs at $14.87 in Red wing.
- Southfield has higher utility expenses, averaging $260, while Red wing averages $200.