Cost of Living: Bay city, MI vs Prescott, AZ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Bay city | Prescott |
|---|---|---|
| Housing Index | 92.0 | 110.0 |
| Median Home Price | $107,000 | $531,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1230 | $1840 |
Housing Comparison: Bay city vs Prescott
- The median home price in Prescott is higher at $531,000, compared to $107,000 in Bay city.
- In Prescott, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Bay city.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Bay city | Prescott |
|---|---|---|
| Electricity Price | $19.88 | $15.14 |
| Natural Gas Price | $15.42 | $23.51 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Bay city vs Prescott
- Electricity costs are higher in Bay city at $19.88 per kWh, compared to $15.14 in Prescott.
- Prescott experiences higher natural gas costs at $23.51 per unit, with costs at $15.42 in Bay city.
- Utility expenses are equal in both Bay city and Prescott averaging $250.