Cost of Living in Stillwater, MN
Housing
The housing market plays a significant role in determining the cost of living in Stillwater, MN.
- Housing Index: 110.0 / 100
- Median Home Price is: $365000
- Average Rent (2 BR Apartment): $1450 per month
- Average Rent (2 BR House): $1500 per month
When considering a move to Stillwater, MN, it’s essential to note the housing index of 110.0, which indicates it can be a bit above the national average. The median home price of 365000 suggests it's a competitive market favoring potential buyers. Renting options are available, with the average rent for a 2-bedroom apartment at 1450 and a 2-bedroom house at 1500. Keep in mind that while purchasing a home may come with a substantial initial investment, renting could provide flexibility amidst rising housing costs in many regions across the U.S.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Stillwater, 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 Stillwater, 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 Stillwater is a financially viable option for your relocation.