Cost of Living: Forest, MS vs Hannibal, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Forest | Hannibal |
|---|---|---|
| Housing Index | Data is updating | 75.0 |
| Median Home Price | $159,000 | $140,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $900 |
| Average Rent (2 BR House) | $Data is updating | $960 |
Housing Comparison: Forest vs Hannibal
- In Forest, the median home price is higher at $159,000, while in Hannibal it is $140,000.
- The rent for a two-bedroom apartment is equal in both Forest and Hannibal 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 | Forest | Hannibal |
|---|---|---|
| Electricity Price | $13.42 | $14.64 |
| Natural Gas Price | $22.19 | $23.25 |
| Other Utilities | $Data is updating | $200 |
Utilities Comparison: Forest vs Hannibal
- Hannibal has higher electricity costs at $14.64 per kWh, versus $13.42 in Forest.
- Hannibal experiences higher natural gas costs at $23.25 per unit, with costs at $22.19 in Forest.
- Utility expenses are equal in both Forest and Hannibal averaging $0.0.