Cost of Living in Owatonna, MN
Housing
The housing market plays a significant role in determining the cost of living in Owatonna, MN.
- Housing Index: 90.0 / 100
- Median Home Price is: $269000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering a move to Owatonna, MN? The housing index stands at 90.0, indicating a favorable market for prospective homeowners. With a median home price of 269000, it's an achievable investment compared to many regions. Rental options are also reasonably priced, with the average rent for a 2-bedroom apartment at 1200 and a 2-bedroom house at 1280. Additionally, consider local amenities, job opportunities, and overall lifestyle when making your decision. It appears to be a solid option for both renters and buyers alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Owatonna, 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 Owatonna, 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 Owatonna is a financially viable option for your relocation.