Cost of Living: Houghton, MI vs Baltimore, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Houghton | Baltimore |
|---|---|---|
| Housing Index | 95.0 | 125.0 |
| Median Home Price | $180,000 | $288,000 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1280 | $2240 |
Housing Comparison: Houghton vs Baltimore
- The median home price in Baltimore is higher at $288,000, compared to $180,000 in Houghton.
- In Baltimore, the rental for a two-bedroom apartment stands at $2,200, while it is $1,200 in Houghton.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Houghton | Baltimore |
|---|---|---|
| Electricity Price | $19.88 | $17.41 |
| Natural Gas Price | $15.42 | $18.44 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Houghton vs Baltimore
- Electricity costs are higher in Houghton at $19.88 per kWh, compared to $17.41 in Baltimore.
- Baltimore experiences higher natural gas costs at $18.44 per unit, with costs at $15.42 in Houghton.
- Utility expenses are equal in both Houghton and Baltimore averaging $250.