Cost of Living: Houghton, MI vs Gainesville, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Houghton | Gainesville |
|---|---|---|
| Housing Index | 95.0 | 110.0 |
| Median Home Price | $180,000 | $525,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1280 | $2000 |
Housing Comparison: Houghton vs Gainesville
- The median home price in Gainesville is higher at $525,000, compared to $180,000 in Houghton.
- In Gainesville, the rental for a two-bedroom apartment stands at $1,800, 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 | Gainesville |
|---|---|---|
| Electricity Price | $19.88 | $15.31 |
| Natural Gas Price | $15.42 | $19.91 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Houghton vs Gainesville
- Electricity costs are higher in Houghton at $19.88 per kWh, compared to $15.31 in Gainesville.
- Gainesville experiences higher natural gas costs at $19.91 per unit, with costs at $15.42 in Houghton.
- Utility expenses are equal in both Houghton and Gainesville averaging $250.