Cost of Living: Lake leelanau, MI vs New york, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lake leelanau | New york |
|---|---|---|
| Housing Index | 120.0 | 125.0 |
| Median Home Price | $393,000 | $800,000 |
| Average Rent (2 BR Apartment) | $1800 | $2800 |
| Average Rent (2 BR House) | $1840 | $2880 |
Housing Comparison: Lake leelanau vs New york
- The median home price in New york is higher at $800,000, compared to $393,000 in Lake leelanau.
- In New york, the rental for a two-bedroom apartment stands at $2,800, while it is $1,800 in Lake leelanau.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lake leelanau | New york |
|---|---|---|
| Electricity Price | $19.88 | $26.08 |
| Natural Gas Price | $15.42 | $18.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lake leelanau vs New york
- New york has higher electricity costs at $26.08 per kWh, versus $19.88 in Lake leelanau.
- New york experiences higher natural gas costs at $18.13 per unit, with costs at $15.42 in Lake leelanau.
- Utility expenses are equal in both Lake leelanau and New york averaging $250.