Cost of Living: Anchorage, AK vs Armada, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Anchorage | Armada |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $395,000 | $248,000 |
| Average Rent (2 BR Apartment) | $1800 | $Data is updating |
| Average Rent (2 BR House) | $1920 | $Data is updating |
Housing Comparison: Anchorage vs Armada
- In Anchorage, the median home price is higher at $395,000, while in Armada it is $248,000.
- The rent for a two-bedroom apartment is equal in both Anchorage and Armada at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Anchorage | Armada |
|---|---|---|
| Electricity Price | $25.4 | $19.88 |
| Natural Gas Price | $12.01 | $15.42 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Anchorage vs Armada
- Electricity costs are higher in Anchorage at $25.4 per kWh, compared to $19.88 in Armada.
- Armada experiences higher natural gas costs at $15.42 per unit, with costs at $12.01 in Anchorage.
- Utility expenses are equal in both Anchorage and Armada averaging $250.