Cost of Living: Hanover park, IL vs Gallatin, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover park | Gallatin |
|---|---|---|
| Housing Index | 115.0 | 110.5 |
| Median Home Price | $408,000 | $398,000 |
| Average Rent (2 BR Apartment) | $1800 | $1500 |
| Average Rent (2 BR House) | $1850 | $1600 |
Housing Comparison: Hanover park vs Gallatin
- In Hanover park, the median home price is higher at $408,000, while in Gallatin it is $398,000.
- Renting a two-bedroom apartment costs more in Hanover park at $1,800 than in Gallatin 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 | Gallatin |
|---|---|---|
| Electricity Price | $16.15 | $12.57 |
| Natural Gas Price | $16.59 | $12.35 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Hanover park vs Gallatin
- Electricity costs are higher in Hanover park at $16.15 per kWh, compared to $12.57 in Gallatin.
- Natural gas is more expensive in Hanover park at $16.59 per unit, while it is cheaper at $12.35 in Gallatin.
- Utility expenses are equal in both Hanover park and Gallatin averaging $250.