Cost of Living: Salem, OH vs Minneapolis, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Salem | Minneapolis |
|---|---|---|
| Housing Index | 85.0 | 120.0 |
| Median Home Price | $100,000 | $305,000 |
| Average Rent (2 BR Apartment) | $960 | $1800 |
| Average Rent (2 BR House) | $1024 | $1840 |
Housing Comparison: Salem vs Minneapolis
- The median home price in Minneapolis is higher at $305,000, compared to $100,000 in Salem.
- Renting a two-bedroom apartment costs more in Salem at $960 than in Minneapolis at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Salem | Minneapolis |
|---|---|---|
| Electricity Price | $15.92 | $16.38 |
| Natural Gas Price | $Data is updating | $14.87 |
| Other Utilities | $230 | $250 |
Utilities Comparison: Salem vs Minneapolis
- Minneapolis has higher electricity costs at $16.38 per kWh, versus $15.92 in Salem.
- Natural gas price data is currently unavailable.
- Minneapolis has higher utility expenses, averaging $250, while Salem averages $230.