Cost of Living: Carmel, IN vs Danville, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Carmel | Danville |
|---|---|---|
| Housing Index | 120.5 | 90.0 |
| Median Home Price | $396,000 | $115,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1830 | $1300 |
Housing Comparison: Carmel vs Danville
- In Carmel, the median home price is higher at $396,000, while in Danville it is $115,000.
- Renting a two-bedroom apartment costs more in Carmel at $1,800 than in Danville 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 | Carmel | Danville |
|---|---|---|
| Electricity Price | $14.89 | $16.15 |
| Natural Gas Price | $Data is updating | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Carmel vs Danville
- Danville has higher electricity costs at $16.15 per kWh, versus $14.89 in Carmel.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Carmel and Danville averaging $250.