Cost of Living: Hastings, MN vs Detroit, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hastings | Detroit |
|---|---|---|
| Housing Index | 110.0 | 72.0 |
| Median Home Price | $290,000 | $100,000 |
| Average Rent (2 BR Apartment) | $1400 | $1200 |
| Average Rent (2 BR House) | $1440 | $1360 |
Housing Comparison: Hastings vs Detroit
- In Hastings, the median home price is higher at $290,000, while in Detroit it is $100,000.
- Renting a two-bedroom apartment costs more in Hastings at $1,400 than in Detroit at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hastings | Detroit |
|---|---|---|
| Electricity Price | $16.38 | $19.88 |
| Natural Gas Price | $14.87 | $15.42 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Hastings vs Detroit
- Detroit has higher electricity costs at $19.88 per kWh, versus $16.38 in Hastings.
- Detroit experiences higher natural gas costs at $15.42 per unit, with costs at $14.87 in Hastings.
- Other utility costs are higher in Hastings at an average of $250, compared to Detroit with $200.