Cost of Living: Detroit, MI vs New richmond, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Detroit | New richmond |
|---|---|---|
| Housing Index | 72.0 | Data is updating |
| Median Home Price | $100,000 | $227,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1360 | $Data is updating |
Housing Comparison: Detroit vs New richmond
- The median home price in New richmond is higher at $227,000, compared to $100,000 in Detroit.
- The rent for a two-bedroom apartment is equal in both Detroit and New richmond 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 | Detroit | New richmond |
|---|---|---|
| Electricity Price | $19.88 | $15.92 |
| Natural Gas Price | $15.42 | $Data is updating |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Detroit vs New richmond
- Electricity costs are higher in Detroit at $19.88 per kWh, compared to $15.92 in New richmond.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Detroit and New richmond averaging $200.