Cost of Living: Hanover park, IL vs Forest lake, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover park | Forest lake |
|---|---|---|
| Housing Index | 115.0 | 115.0 |
| Median Home Price | $408,000 | $374,000 |
| Average Rent (2 BR Apartment) | $1800 | $1500 |
| Average Rent (2 BR House) | $1850 | $1600 |
Housing Comparison: Hanover park vs Forest lake
- In Hanover park, the median home price is higher at $408,000, while in Forest lake it is $374,000.
- Renting a two-bedroom apartment costs more in Hanover park at $1,800 than in Forest lake at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hanover park | Forest lake |
|---|---|---|
| Electricity Price | $16.15 | $16.38 |
| Natural Gas Price | $16.59 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Hanover park vs Forest lake
- Forest lake has higher electricity costs at $16.38 per kWh, versus $16.15 in Hanover park.
- Natural gas is more expensive in Hanover park at $16.59 per unit, while it is cheaper at $14.87 in Forest lake.
- Utility expenses are equal in both Hanover park and Forest lake averaging $250.