Cost of Living: Hanover, MI vs Stillwater, OK
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover | Stillwater |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $197,500 | $225,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1360 | $1360 |
Housing Comparison: Hanover vs Stillwater
- The median home price in Stillwater is higher at $225,000, compared to $197,500 in Hanover.
- The rent for a two-bedroom apartment is equal in both Hanover and Stillwater 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 | Stillwater |
|---|---|---|
| Electricity Price | $19.88 | $12.37 |
| Natural Gas Price | $15.42 | $20.27 |
| Other Utilities | $220 | $220 |
Utilities Comparison: Hanover vs Stillwater
- Electricity costs are higher in Hanover at $19.88 per kWh, compared to $12.37 in Stillwater.
- Stillwater experiences higher natural gas costs at $20.27 per unit, with costs at $15.42 in Hanover.
- Utility expenses are equal in both Hanover and Stillwater averaging $220.