Cost of Living in Fergus falls, MN
Housing
The housing market plays a significant role in determining the cost of living in Fergus falls, MN.
- Housing Index: 103 / 100
- Median Home Price is: $248,000
- Average Rent (2 BR Apartment): $1009 per month
- Average Rent (2 BR House): $1097 per month
Considering a move to Fergus falls, MN? The housing index stands at 103, indicating a relatively affordable market compared to national averages. With a median home price of 248000, buying might be a viable option if you're planning long-term. Renters will appreciate the average two-bedroom apartment costing 1009 and a house at 1097. This combination of metrics suggests a balanced opportunity for both renters and homebuyers in Fergus falls. The area's amenities and community features further enhance its appeal as a potential new home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fergus falls, 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 Fergus falls, 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 Fergus falls is a financially viable option for your relocation.