Cost of Living: Grand rapids, MI vs Mountain home, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Grand rapids | Mountain home |
|---|---|---|
| Housing Index | 110.0 | 102.0 |
| Median Home Price | $230,000 | $197,000 |
| Average Rent (2 BR Apartment) | $1300 | $950 |
| Average Rent (2 BR House) | $1350 | $960 |
Housing Comparison: Grand rapids vs Mountain home
- In Grand rapids, the median home price is higher at $230,000, while in Mountain home it is $197,000.
- In Mountain home, the rental for a two-bedroom apartment stands at $950, while it is $1,300 in Grand rapids.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Grand rapids | Mountain home |
|---|---|---|
| Electricity Price | $19.88 | $12.36 |
| Natural Gas Price | $15.42 | $17.08 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Grand rapids vs Mountain home
- Electricity costs are higher in Grand rapids at $19.88 per kWh, compared to $12.36 in Mountain home.
- Mountain home experiences higher natural gas costs at $17.08 per unit, with costs at $15.42 in Grand rapids.
- Utility expenses are equal in both Grand rapids and Mountain home averaging $250.