Cost of Living: Essex, MD vs Hancock, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Essex | Hancock |
|---|---|---|
| Housing Index | Data is updating | Data is updating |
| Median Home Price | $351,000 | $198,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $Data is updating |
| Average Rent (2 BR House) | $Data is updating | $Data is updating |
Housing Comparison: Essex vs Hancock
- In Essex, the median home price is higher at $351,000, while in Hancock it is $198,000.
- The rent for a two-bedroom apartment is equal in both Essex and Hancock at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Essex | Hancock |
|---|---|---|
| Electricity Price | $17.41 | $16.38 |
| Natural Gas Price | $18.44 | $14.87 |
| Other Utilities | $Data is updating | $Data is updating |
Utilities Comparison: Essex vs Hancock
- Electricity costs are higher in Essex at $17.41 per kWh, compared to $16.38 in Hancock.
- Natural gas is more expensive in Essex at $18.44 per unit, while it is cheaper at $14.87 in Hancock.
- Utility expenses are equal in both Essex and Hancock averaging $0.0.