Cost of Living: Woodward, OK vs Faribault, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Woodward | Faribault |
|---|---|---|
| Housing Index | 80.0 | 85.0 |
| Median Home Price | $190,000 | $226,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1280 |
Housing Comparison: Woodward vs Faribault
- The median home price in Faribault is higher at $226,000, compared to $190,000 in Woodward.
- The rent for a two-bedroom apartment is equal in both Woodward and 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 | Woodward | Faribault |
|---|---|---|
| Electricity Price | $12.37 | $16.38 |
| Natural Gas Price | $20.27 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Woodward vs Faribault
- Faribault has higher electricity costs at $16.38 per kWh, versus $12.37 in Woodward.
- Natural gas is more expensive in Woodward at $20.27 per unit, while it is cheaper at $14.87 in Faribault.
- Utility expenses are equal in both Woodward and Faribault averaging $250.