Cost of Living: Bay minette, AL vs Sherwood, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Bay minette | Sherwood |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $242,000 | $193,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1360 | $Data is updating |
Housing Comparison: Bay minette vs Sherwood
- In Bay minette, the median home price is higher at $242,000, while in Sherwood it is $193,000.
- The rent for a two-bedroom apartment is equal in both Bay minette and Sherwood 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 | Bay minette | Sherwood |
|---|---|---|
| Electricity Price | $15.03 | $19.88 |
| Natural Gas Price | $21.76 | $15.42 |
| Other Utilities | $220 | $Data is updating |
Utilities Comparison: Bay minette vs Sherwood
- Sherwood has higher electricity costs at $19.88 per kWh, versus $15.03 in Bay minette.
- Natural gas is more expensive in Bay minette at $21.76 per unit, while it is cheaper at $15.42 in Sherwood.
- Utility expenses are equal in both Bay minette and Sherwood averaging $220.