Cost of Living: Hancock, MN vs Abilene, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hancock | Abilene |
|---|---|---|
| Housing Index | Data is updating | 85.0 |
| Median Home Price | $198,000 | $234,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1360 |
Housing Comparison: Hancock vs Abilene
- The median home price in Abilene is higher at $234,000, compared to $198,000 in Hancock.
- The rent for a two-bedroom apartment is equal in both Hancock and Abilene 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 | Hancock | Abilene |
|---|---|---|
| Electricity Price | $16.38 | $14.47 |
| Natural Gas Price | $14.87 | $26.29 |
| Other Utilities | $Data is updating | $200 |
Utilities Comparison: Hancock vs Abilene
- Electricity costs are higher in Hancock at $16.38 per kWh, compared to $14.47 in Abilene.
- Abilene experiences higher natural gas costs at $26.29 per unit, with costs at $14.87 in Hancock.
- Utility expenses are equal in both Hancock and Abilene averaging $0.0.