Cost of Living: Hanover, NH vs Fairhope, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover | Fairhope |
|---|---|---|
| Housing Index | 120.5 | 85.0 |
| Median Home Price | $401,000 | $295,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1840 | $1280 |
Housing Comparison: Hanover vs Fairhope
- In Hanover, the median home price is higher at $401,000, while in Fairhope it is $295,000.
- Renting a two-bedroom apartment costs more in Hanover at $1,800 than in Fairhope 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 | Fairhope |
|---|---|---|
| Electricity Price | $22.44 | $15.03 |
| Natural Gas Price | $17.58 | $21.76 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Hanover vs Fairhope
- Electricity costs are higher in Hanover at $22.44 per kWh, compared to $15.03 in Fairhope.
- Fairhope experiences higher natural gas costs at $21.76 per unit, with costs at $17.58 in Hanover.
- Other utility costs are higher in Hanover at an average of $250, compared to Fairhope with $200.