Cost of Living: Hanover, MI vs Ridgefield, CT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover | Ridgefield |
|---|---|---|
| Housing Index | 85.0 | 128.0 |
| Median Home Price | $197,500 | $Data is updating |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1360 | $2456 |
Housing Comparison: Hanover vs Ridgefield
- In Hanover, the median home price is higher at $197,500, while in Ridgefield it is $0.
- In Ridgefield, the rental for a two-bedroom apartment stands at $2,400, while it is $1,200 in Hanover.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hanover | Ridgefield |
|---|---|---|
| Electricity Price | $19.88 | $26 |
| Natural Gas Price | $15.42 | $Data is updating |
| Other Utilities | $220 | $220 |
Utilities Comparison: Hanover vs Ridgefield
- Ridgefield has higher electricity costs at $26 per kWh, versus $19.88 in Hanover.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Hanover and Ridgefield averaging $220.