Cost of Living in La crescent, MN
Housing
The housing market plays a significant role in determining the cost of living in La crescent, MN.
- Housing Index: 95.0 / 100
- Median Home Price is: $257500
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1300 per month
In La crescent, MN, the housing index stands at 95.0, indicating a fairly balanced market. The median home price is relatively affordable at 257500, especially when compared to the average rent for a 2-bedroom apartment at 1200 and a 2-bedroom house at 1300. This suggests that buying a home may be more economical than renting in the long term. Potential residents should also consider job opportunities and local amenities, which can significantly impact overall satisfaction and affordability in the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in La crescent, 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.): $250 per month
Living in La crescent, 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 $250 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 La crescent is a financially viable option for your relocation.