Cost of Living: Houghton, MI vs South river, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Houghton | South river |
|---|---|---|
| Housing Index | 95.0 | 120.0 |
| Median Home Price | $180,000 | $330,000 |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1280 | $2500 |
Housing Comparison: Houghton vs South river
- The median home price in South river is higher at $330,000, compared to $180,000 in Houghton.
- In South river, the rental for a two-bedroom apartment stands at $2,400, 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 | South river |
|---|---|---|
| Electricity Price | $19.88 | $19.88 |
| Natural Gas Price | $15.42 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Houghton vs South river
- Electricity costs are the same in both Houghton and South river at $19.88 per kWh.
- Natural gas is more expensive in Houghton at $15.42 per unit, while it is cheaper at $14.01 in South river.
- Utility expenses are equal in both Houghton and South river averaging $250.