Cost of Living: Houghton, MI vs Raven, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Houghton | Raven |
|---|---|---|
| Housing Index | 95.0 | Data is updating |
| Median Home Price | $180,000 | $166,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Houghton vs Raven
- In Houghton, the median home price is higher at $180,000, while in Raven it is $166,000.
- The rent for a two-bedroom apartment is equal in both Houghton and Raven at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Houghton | Raven |
|---|---|---|
| Electricity Price | $19.88 | $15.31 |
| Natural Gas Price | $15.42 | $19.91 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Houghton vs Raven
- Electricity costs are higher in Houghton at $19.88 per kWh, compared to $15.31 in Raven.
- Raven 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 Raven averaging $250.