Cost of Living in Moorhead, MN
Housing
The housing market plays a significant role in determining the cost of living in Moorhead, MN.
- Housing Index: 103 / 100
- Median Home Price is: $305,000
- Average Rent (2 BR Apartment): $1363 per month
- Average Rent (2 BR House): $1482 per month
When considering relocating to Moorhead, MN, the housing index of 103 suggests a slightly above-average cost of living. With a median home price of 305000, potential buyers may find properties more accessible than in radically higher-priced markets. Furthermore, renting options show an average cost of 1363 for an apartment and 1482 for a house, which can be more financially manageable. Overall, this area presents an attractive option for families and professionals seeking a balanced lifestyle without exorbitant expenses.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Moorhead, 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 Moorhead, 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 Moorhead is a financially viable option for your relocation.