Cost of Living in Darwin, MN
Housing
The housing market plays a significant role in determining the cost of living in Darwin, MN.
- Housing Index: 103 / 100
- Median Home Price is: $223,000
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
When considering a move to Darwin, MN, the median home price of 223000 suggests home ownership may be affordable. However, with a housing index of 103, the rental market appears to be non-existent, as indicated by the zeroes in the average rent for both 2-bedroom apartments and houses. This situation could imply limited housing options for renters. Overall, if you're aiming for a long-term investment, market conditions may favor purchasing a home rather than renting, especially in a landscape where options seem scarce.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Darwin, 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.): $233 per month
Living in Darwin, 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 $233 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 Darwin is a financially viable option for your relocation.