Cost of Living: Detroit, MI vs Erie, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Detroit | Erie |
|---|---|---|
| Housing Index | 72.0 | 120.5 |
| Median Home Price | $100,000 | $574,000 |
| Average Rent (2 BR Apartment) | $1200 | $2300 |
| Average Rent (2 BR House) | $1360 | $2400 |
Housing Comparison: Detroit vs Erie
- The median home price in Erie is higher at $574,000, compared to $100,000 in Detroit.
- In Erie, the rental for a two-bedroom apartment stands at $2,300, while it is $1,200 in Detroit.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Detroit | Erie |
|---|---|---|
| Electricity Price | $19.88 | $15.21 |
| Natural Gas Price | $15.42 | $11.3 |
| Other Utilities | $200 | $275 |
Utilities Comparison: Detroit vs Erie
- Electricity costs are higher in Detroit at $19.88 per kWh, compared to $15.21 in Erie.
- Natural gas is more expensive in Detroit at $15.42 per unit, while it is cheaper at $11.3 in Erie.
- Erie has higher utility expenses, averaging $275, while Detroit averages $200.