Cost of Living: Hanover park, IL vs Forrest city, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover park | Forrest city |
|---|---|---|
| Housing Index | 115.0 | 75.0 |
| Median Home Price | $408,000 | $105,000 |
| Average Rent (2 BR Apartment) | $1800 | $800 |
| Average Rent (2 BR House) | $1850 | $850 |
Housing Comparison: Hanover park vs Forrest city
- In Hanover park, the median home price is higher at $408,000, while in Forrest city it is $105,000.
- In Forrest city, the rental for a two-bedroom apartment stands at $800, 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 | Forrest city |
|---|---|---|
| Electricity Price | $16.15 | $12.36 |
| Natural Gas Price | $16.59 | $17.08 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Hanover park vs Forrest city
- Electricity costs are higher in Hanover park at $16.15 per kWh, compared to $12.36 in Forrest city.
- Forrest city experiences higher natural gas costs at $17.08 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 Forrest city with $200.