Cost of Living in Fort ripley, MN
Housing
The housing market plays a significant role in determining the cost of living in Fort ripley, MN.
- Housing Index: 103 / 100
- Median Home Price is: $200,000
- Average Rent (2 BR Apartment): $1560 per month
- Average Rent (2 BR House): $1696 per month
In evaluating the housing market in Fort ripley, MN, it appears that the housing index stands at 103, indicating this may be a relatively stable market. The median home price of 200000 suggests affordability compared to national averages. However, with an average rent for a 2BR apartment at 1560 and a 2BR house at 1696, it’s vital to weigh homeownership against rental options. Prospective movers should consider factors such as local amenities, job opportunities, and community culture for a holistic decision before relocating to Fort ripley.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fort ripley, 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 Fort ripley, 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 Fort ripley is a financially viable option for your relocation.