Cost of Living: Boulder, CO vs Dearborn, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Boulder | Dearborn |
|---|---|---|
| Housing Index | 140.0 | 110.0 |
| Median Home Price | $730,000 | $205,000 |
| Average Rent (2 BR Apartment) | $2500 | $1200 |
| Average Rent (2 BR House) | $2557 | $1280 |
Housing Comparison: Boulder vs Dearborn
- In Boulder, the median home price is higher at $730,000, while in Dearborn it is $205,000.
- Renting a two-bedroom apartment costs more in Boulder at $2,500 than in Dearborn 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 | Boulder | Dearborn |
|---|---|---|
| Electricity Price | $15.21 | $19.88 |
| Natural Gas Price | $11.3 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Boulder vs Dearborn
- Dearborn has higher electricity costs at $19.88 per kWh, versus $15.21 in Boulder.
- Dearborn experiences higher natural gas costs at $15.42 per unit, with costs at $11.3 in Boulder.
- Utility expenses are equal in both Boulder and Dearborn averaging $250.