Cost of Living: Commerce, TX vs Hancock, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Commerce | Hancock |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $200,000 | $198,000 |
| Average Rent (2 BR Apartment) | $1280 | $Data is updating |
| Average Rent (2 BR House) | $2045 | $Data is updating |
Housing Comparison: Commerce vs Hancock
- In Commerce, the median home price is higher at $200,000, while in Hancock it is $198,000.
- The rent for a two-bedroom apartment is equal in both Commerce and Hancock at $1,280.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Commerce | Hancock |
|---|---|---|
| Electricity Price | $14.47 | $16.38 |
| Natural Gas Price | $26.29 | $14.87 |
| Other Utilities | $210 | $Data is updating |
Utilities Comparison: Commerce vs Hancock
- Hancock has higher electricity costs at $16.38 per kWh, versus $14.47 in Commerce.
- Natural gas is more expensive in Commerce at $26.29 per unit, while it is cheaper at $14.87 in Hancock.
- Utility expenses are equal in both Commerce and Hancock averaging $210.