Cost of Living: Franklin, IN vs East lansing, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Franklin | East lansing |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $245,000 | $276,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1272 | $1360 |
Housing Comparison: Franklin vs East lansing
- The median home price in East lansing is higher at $276,000, compared to $245,000 in Franklin.
- The rent for a two-bedroom apartment is equal in both Franklin and East lansing 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 | Franklin | East lansing |
|---|---|---|
| Electricity Price | $14.89 | $19.88 |
| Natural Gas Price | $Data is updating | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Franklin vs East lansing
- East lansing has higher electricity costs at $19.88 per kWh, versus $14.89 in Franklin.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Franklin and East lansing averaging $250.