Cost of Living: Woodridge, IL vs Faribault, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Woodridge | Faribault |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $321,000 | $226,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1920 | $1280 |
Housing Comparison: Woodridge vs Faribault
- In Woodridge, the median home price is higher at $321,000, while in Faribault it is $226,000.
- Renting a two-bedroom apartment costs more in Woodridge at $1,800 than in Faribault 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 | Woodridge | Faribault |
|---|---|---|
| Electricity Price | $16.15 | $16.38 |
| Natural Gas Price | $16.59 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Woodridge vs Faribault
- Faribault has higher electricity costs at $16.38 per kWh, versus $16.15 in Woodridge.
- Natural gas is more expensive in Woodridge at $16.59 per unit, while it is cheaper at $14.87 in Faribault.
- Utility expenses are equal in both Woodridge and Faribault averaging $250.