Cost of Living: Hanover park, IL vs Altus, OK
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover park | Altus |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $408,000 | $197,500 |
| Average Rent (2 BR Apartment) | $1800 | $950 |
| Average Rent (2 BR House) | $1850 | $968 |
Housing Comparison: Hanover park vs Altus
- In Hanover park, the median home price is higher at $408,000, while in Altus it is $197,500.
- In Altus, the rental for a two-bedroom apartment stands at $950, while it is $1,800 in Hanover park.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hanover park | Altus |
|---|---|---|
| Electricity Price | $16.15 | $12.37 |
| Natural Gas Price | $16.59 | $20.27 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Hanover park vs Altus
- Electricity costs are higher in Hanover park at $16.15 per kWh, compared to $12.37 in Altus.
- Altus experiences higher natural gas costs at $20.27 per unit, with costs at $16.59 in Hanover park.
- Other utility costs are higher in Hanover park at an average of $250, compared to Altus with $200.