Cost of Living: Riverbank, CA vs Sterling heights, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Riverbank | Sterling heights |
|---|---|---|
| Housing Index | 120.5 | 92.0 |
| Median Home Price | $460,000 | $234,000 |
| Average Rent (2 BR Apartment) | $2200 | $1200 |
| Average Rent (2 BR House) | $2240 | $1300 |
Housing Comparison: Riverbank vs Sterling heights
- In Riverbank, the median home price is higher at $460,000, while in Sterling heights it is $234,000.
- Renting a two-bedroom apartment costs more in Riverbank at $2,200 than in 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 | Riverbank | Sterling heights |
|---|---|---|
| Electricity Price | $32.99 | $19.88 |
| Natural Gas Price | $16.99 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Riverbank vs Sterling heights
- Electricity costs are higher in Riverbank at $32.99 per kWh, compared to $19.88 in Sterling heights.
- Natural gas is more expensive in Riverbank at $16.99 per unit, while it is cheaper at $15.42 in Sterling heights.
- Utility expenses are equal in both Riverbank and Sterling heights averaging $250.