Cost of Living: Anderson, IN vs Novi, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Anderson | Novi |
|---|---|---|
| Housing Index | 95.0 | 120.0 |
| Median Home Price | $185,000 | $325,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1280 | $2000 |
Housing Comparison: Anderson vs Novi
- The median home price in Novi is higher at $325,000, compared to $185,000 in Anderson.
- In Novi, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Anderson.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Anderson | Novi |
|---|---|---|
| Electricity Price | $14.89 | $19.88 |
| Natural Gas Price | $Data is updating | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Anderson vs Novi
- Novi has higher electricity costs at $19.88 per kWh, versus $14.89 in Anderson.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Anderson and Novi averaging $250.