Cost of Living: Hanover park, IL vs Rayne, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover park | Rayne |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $408,000 | $134,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1850 | $1300 |
Housing Comparison: Hanover park vs Rayne
- In Hanover park, the median home price is higher at $408,000, while in Rayne it is $134,000.
- Renting a two-bedroom apartment costs more in Hanover park at $1,800 than in Rayne at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hanover park | Rayne |
|---|---|---|
| Electricity Price | $16.15 | $11.42 |
| Natural Gas Price | $16.59 | $19.48 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Hanover park vs Rayne
- Electricity costs are higher in Hanover park at $16.15 per kWh, compared to $11.42 in Rayne.
- Rayne experiences higher natural gas costs at $19.48 per unit, with costs at $16.59 in Hanover park.
- Utility expenses are equal in both Hanover park and Rayne averaging $250.