Cost of Living: Novi, MI vs Moundsville, WV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Novi | Moundsville |
|---|---|---|
| Housing Index | 120.0 | 80.0 |
| Median Home Price | $325,000 | $150,000 |
| Average Rent (2 BR Apartment) | $1800 | $864 |
| Average Rent (2 BR House) | $2000 | $960 |
Housing Comparison: Novi vs Moundsville
- In Novi, the median home price is higher at $325,000, while in Moundsville it is $150,000.
- In Moundsville, the rental for a two-bedroom apartment stands at $864, while it is $1,800 in Novi.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Novi | Moundsville |
|---|---|---|
| Electricity Price | $19.88 | $15.48 |
| Natural Gas Price | $15.42 | $23.05 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Novi vs Moundsville
- Electricity costs are higher in Novi at $19.88 per kWh, compared to $15.48 in Moundsville.
- Moundsville experiences higher natural gas costs at $23.05 per unit, with costs at $15.42 in Novi.
- Utility expenses are equal in both Novi and Moundsville averaging $250.