Cost of Living: Hilo, HI vs Independence, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hilo | Independence |
|---|---|---|
| Housing Index | 160.0 | 90.0 |
| Median Home Price | $479,000 | $182,500 |
| Average Rent (2 BR Apartment) | $2500 | $1050 |
| Average Rent (2 BR House) | $2400 | $840 |
Housing Comparison: Hilo vs Independence
- In Hilo, the median home price is higher at $479,000, while in Independence it is $182,500.
- Renting a two-bedroom apartment costs more in Hilo at $2,500 than in Independence at $1,050.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hilo | Independence |
|---|---|---|
| Electricity Price | $42.45 | $14.64 |
| Natural Gas Price | $51.22 | $23.25 |
| Other Utilities | $350 | $250 |
Utilities Comparison: Hilo vs Independence
- Electricity costs are higher in Hilo at $42.45 per kWh, compared to $14.64 in Independence.
- Natural gas is more expensive in Hilo at $51.22 per unit, while it is cheaper at $23.25 in Independence.
- Other utility costs are higher in Hilo at an average of $350, compared to Independence with $250.