Cost of Living: Detroit, MI vs Sloan, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Detroit | Sloan |
|---|---|---|
| Housing Index | 72.0 | 90.0 |
| Median Home Price | $100,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1360 | $1360 |
Housing Comparison: Detroit vs Sloan
- The median home price in Sloan is higher at $155,000, compared to $100,000 in Detroit.
- The rent for a two-bedroom apartment is equal in both Detroit and Sloan 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 | Sloan |
|---|---|---|
| Electricity Price | $19.88 | $14.82 |
| Natural Gas Price | $15.42 | $15.61 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Detroit vs Sloan
- Electricity costs are higher in Detroit at $19.88 per kWh, compared to $14.82 in Sloan.
- Sloan experiences higher natural gas costs at $15.61 per unit, with costs at $15.42 in Detroit.
- Sloan has higher utility expenses, averaging $250, while Detroit averages $200.