Cost of Living: Savage, MN vs Erie, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Savage | Erie |
|---|---|---|
| Housing Index | 103 | 121.1 |
| Median Home Price | $415,000 | $574,000 |
| Average Rent (2 BR Apartment) | $1756 | $2870 |
| Average Rent (2 BR House) | $1909 | $3119 |
Housing Comparison: Savage vs Erie
- The median home price in Erie is higher at $574,000, compared to $415,000 in Savage.
- In Erie, the rental for a two-bedroom apartment stands at $2,870, while it is $1,756 in Savage.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Savage | Erie |
|---|---|---|
| Electricity Price | $16.38 | $15.21 |
| Natural Gas Price | $14.87 | $11.3 |
| Other Utilities | $233 | $246 |
Utilities Comparison: Savage vs Erie
- Electricity costs are higher in Savage at $16.38 per kWh, compared to $15.21 in Erie.
- Natural gas is more expensive in Savage at $14.87 per unit, while it is cheaper at $11.3 in Erie.
- Erie has higher utility expenses, averaging $246, while Savage averages $233.