Cost of Living: Hanover park, IL vs Meridian, ID
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover park | Meridian |
|---|---|---|
| Housing Index | 115.0 | 115.0 |
| Median Home Price | $408,000 | $427,000 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $1850 | $1940 |
Housing Comparison: Hanover park vs Meridian
- The median home price in Meridian is higher at $427,000, compared to $408,000 in Hanover park.
- The rent for a two-bedroom apartment is equal in both Hanover park and Meridian at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hanover park | Meridian |
|---|---|---|
| Electricity Price | $16.15 | $12.28 |
| Natural Gas Price | $16.59 | $9.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Hanover park vs Meridian
- Electricity costs are higher in Hanover park at $16.15 per kWh, compared to $12.28 in Meridian.
- Meridian experiences higher natural gas costs at $9.87 per unit, with costs at $16.59 in Hanover park.
- Utility expenses are equal in both Hanover park and Meridian averaging $250.