Cost of Living: Hanover, MI vs Commerce city, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover | Commerce city |
|---|---|---|
| Housing Index | 85.0 | 105.0 |
| Median Home Price | $197,500 | $490,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1360 | $1912 |
Housing Comparison: Hanover vs Commerce city
- The median home price in Commerce city is higher at $490,000, compared to $197,500 in Hanover.
- In Commerce city, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Hanover.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hanover | Commerce city |
|---|---|---|
| Electricity Price | $19.88 | $15.21 |
| Natural Gas Price | $15.42 | $11.3 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Hanover vs Commerce city
- Electricity costs are higher in Hanover at $19.88 per kWh, compared to $15.21 in Commerce city.
- Natural gas is more expensive in Hanover at $15.42 per unit, while it is cheaper at $11.3 in Commerce city.
- Commerce city has higher utility expenses, averaging $250, while Hanover averages $220.