Cost of Living: Carmel, IN vs Honolulu, HI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Carmel | Honolulu |
|---|---|---|
| Housing Index | 120.5 | 186.5 |
| Median Home Price | $396,000 | $727,700 |
| Average Rent (2 BR Apartment) | $1800 | $2800 |
| Average Rent (2 BR House) | $1830 | $2846 |
Housing Comparison: Carmel vs Honolulu
- The median home price in Honolulu is higher at $727,700, compared to $396,000 in Carmel.
- In Honolulu, the rental for a two-bedroom apartment stands at $2,800, while it is $1,800 in Carmel.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Carmel | Honolulu |
|---|---|---|
| Electricity Price | $14.89 | $42.45 |
| Natural Gas Price | $Data is updating | $51.22 |
| Other Utilities | $250 | $400 |
Utilities Comparison: Carmel vs Honolulu
- Honolulu has higher electricity costs at $42.45 per kWh, versus $14.89 in Carmel.
- Natural gas price data is currently unavailable.
- Honolulu has higher utility expenses, averaging $400, while Carmel averages $250.