Cost of Living: Hilo, HI vs Jessup, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hilo | Jessup |
|---|---|---|
| Housing Index | 160.0 | Data is updating |
| Median Home Price | $479,000 | $471,000 |
| Average Rent (2 BR Apartment) | $2500 | $Data is updating |
| Average Rent (2 BR House) | $2400 | $Data is updating |
Housing Comparison: Hilo vs Jessup
- In Hilo, the median home price is higher at $479,000, while in Jessup it is $471,000.
- The rent for a two-bedroom apartment is equal in both Hilo and Jessup at $2,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hilo | Jessup |
|---|---|---|
| Electricity Price | $42.45 | $17.41 |
| Natural Gas Price | $51.22 | $18.44 |
| Other Utilities | $350 | $Data is updating |
Utilities Comparison: Hilo vs Jessup
- Electricity costs are higher in Hilo at $42.45 per kWh, compared to $17.41 in Jessup.
- Natural gas is more expensive in Hilo at $51.22 per unit, while it is cheaper at $18.44 in Jessup.
- Utility expenses are equal in both Hilo and Jessup averaging $350.