Cost of Living: Houghton, MI vs Waverly, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Houghton | Waverly |
|---|---|---|
| Housing Index | 95.0 | 85.0 |
| Median Home Price | $180,000 | $200,000 |
| Average Rent (2 BR Apartment) | $1200 | $1000 |
| Average Rent (2 BR House) | $1280 | $1025 |
Housing Comparison: Houghton vs Waverly
- The median home price in Waverly is higher at $200,000, compared to $180,000 in Houghton.
- Renting a two-bedroom apartment costs more in Houghton at $1,200 than in Waverly at $1,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Houghton | Waverly |
|---|---|---|
| Electricity Price | $19.88 | $12.57 |
| Natural Gas Price | $15.42 | $12.35 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Houghton vs Waverly
- Electricity costs are higher in Houghton at $19.88 per kWh, compared to $12.57 in Waverly.
- Natural gas is more expensive in Houghton at $15.42 per unit, while it is cheaper at $12.35 in Waverly.
- Other utility costs are higher in Houghton at an average of $250, compared to Waverly with $200.