Cost of Living in Duluth, MN

Housing

The housing market plays a significant role in determining the cost of living in Duluth, MN.

• Housing Index: 110.0 / 100
• Median Home Price is: $242500
• Average Rent (2 BR Apartment): $1450 per month
• Average Rent (2 BR House): $1600 per month

When considering a move to Duluth, MN, it's essential to analyze the housing data available. With a housing index of 110.0, the market suggests a higher cost of living compared to the national average. The median home price stands at 242500, indicating a significant investment for prospective homeowners. Additionally, renting a 2-bedroom apartment costs an average of 1450, while a 2-bedroom house is at 1600. It may be prudent to compare these figures to local wages and job opportunities to make a well-informed decision about your potential new home.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Duluth, MN.

• Electricity Price: 16.38 USD (median by state)
• Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Duluth, MN could entail higher utility costs. Electricity costs sit at 16.38, while natural gas is priced at 14.87 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 105.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $63545

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Duluth, MN, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.