Cost of Living: Greenwood, IN vs Otsego, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Greenwood | Otsego |
|---|---|---|
| Housing Index | 90.0 | 90.1 |
| Median Home Price | $287,500 | $208,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1300 | $1230 |
Housing Comparison: Greenwood vs Otsego
- In Greenwood, the median home price is higher at $287,500, while in Otsego it is $208,000.
- The rent for a two-bedroom apartment is equal in both Greenwood and Otsego 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 | Greenwood | Otsego |
|---|---|---|
| Electricity Price | $14.89 | $19.88 |
| Natural Gas Price | $Data is updating | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Greenwood vs Otsego
- Otsego has higher electricity costs at $19.88 per kWh, versus $14.89 in Greenwood.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Greenwood and Otsego averaging $250.