Cost of Living: Houghton, MI vs Palatine, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Houghton | Palatine |
|---|---|---|
| Housing Index | 95.0 | 110.0 |
| Median Home Price | $180,000 | $316,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1280 | $1840 |
Housing Comparison: Houghton vs Palatine
- The median home price in Palatine is higher at $316,000, compared to $180,000 in Houghton.
- In Palatine, 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 | Palatine |
|---|---|---|
| Electricity Price | $19.88 | $16.15 |
| Natural Gas Price | $15.42 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Houghton vs Palatine
- Electricity costs are higher in Houghton at $19.88 per kWh, compared to $16.15 in Palatine.
- Palatine experiences higher natural gas costs at $16.59 per unit, with costs at $15.42 in Houghton.
- Utility expenses are equal in both Houghton and Palatine averaging $250.