Cost of Living: Lake mills, WI vs Sterling heights, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lake mills | Sterling heights |
|---|---|---|
| Housing Index | 95.0 | 92.0 |
| Median Home Price | $262,000 | $234,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1300 | $1300 |
Housing Comparison: Lake mills vs Sterling heights
- In Lake mills, the median home price is higher at $262,000, while in Sterling heights it is $234,000.
- The rent for a two-bedroom apartment is equal in both Lake mills and Sterling heights 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 | Lake mills | Sterling heights |
|---|---|---|
| Electricity Price | $17.6 | $19.88 |
| Natural Gas Price | $11.5 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lake mills vs Sterling heights
- Sterling heights has higher electricity costs at $19.88 per kWh, versus $17.6 in Lake mills.
- Sterling heights experiences higher natural gas costs at $15.42 per unit, with costs at $11.5 in Lake mills.
- Utility expenses are equal in both Lake mills and Sterling heights averaging $250.