Cost of Living: Charleston, SC vs Redford, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Charleston | Redford |
|---|---|---|
| Housing Index | 120.5 | 90.0 |
| Median Home Price | $407,500 | $162,500 |
| Average Rent (2 BR Apartment) | $2200 | $1200 |
| Average Rent (2 BR House) | $2240 | $1250 |
Housing Comparison: Charleston vs Redford
- In Charleston, the median home price is higher at $407,500, while in Redford it is $162,500.
- Renting a two-bedroom apartment costs more in Charleston at $2,200 than in Redford 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 | Charleston | Redford |
|---|---|---|
| Electricity Price | $14.18 | $19.88 |
| Natural Gas Price | $23.51 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Charleston vs Redford
- Redford has higher electricity costs at $19.88 per kWh, versus $14.18 in Charleston.
- Natural gas is more expensive in Charleston at $23.51 per unit, while it is cheaper at $15.42 in Redford.
- Utility expenses are equal in both Charleston and Redford averaging $250.