Cost of Living: Channahon, IL vs Richland, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Channahon | Richland |
|---|---|---|
| Housing Index | 90.0 | 95.0 |
| Median Home Price | $263,000 | $176,000 |
| Average Rent (2 BR Apartment) | $1500 | $1200 |
| Average Rent (2 BR House) | $1400 | $1360 |
Housing Comparison: Channahon vs Richland
- In Channahon, the median home price is higher at $263,000, while in Richland it is $176,000.
- Renting a two-bedroom apartment costs more in Channahon at $1,500 than in Richland 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 | Channahon | Richland |
|---|---|---|
| Electricity Price | $16.15 | $13.42 |
| Natural Gas Price | $16.59 | $22.19 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Channahon vs Richland
- Electricity costs are higher in Channahon at $16.15 per kWh, compared to $13.42 in Richland.
- Richland experiences higher natural gas costs at $22.19 per unit, with costs at $16.59 in Channahon.
- Utility expenses are equal in both Channahon and Richland averaging $250.