Cost of Living: Hanover, MI vs West memphis, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover | West memphis |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $197,500 | $124,000 |
| Average Rent (2 BR Apartment) | $1200 | $800 |
| Average Rent (2 BR House) | $1360 | $856 |
Housing Comparison: Hanover vs West memphis
- In Hanover, the median home price is higher at $197,500, while in West memphis it is $124,000.
- In West memphis, the rental for a two-bedroom apartment stands at $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 | West memphis |
|---|---|---|
| Electricity Price | $19.88 | $12.36 |
| Natural Gas Price | $15.42 | $17.08 |
| Other Utilities | $220 | $150 |
Utilities Comparison: Hanover vs West memphis
- Electricity costs are higher in Hanover at $19.88 per kWh, compared to $12.36 in West memphis.
- West memphis experiences higher natural gas costs at $17.08 per unit, with costs at $15.42 in Hanover.
- Other utility costs are higher in Hanover at an average of $220, compared to West memphis with $150.