Cost of Living: Independence, KY vs Wixom, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Independence | Wixom |
|---|---|---|
| Housing Index | 110.0 | Data is updating |
| Median Home Price | $308,000 | $300,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Independence vs Wixom
- In Independence, the median home price is higher at $308,000, while in Wixom it is $300,000.
- The rent for a two-bedroom apartment is equal in both Independence and Wixom 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 | Independence | Wixom |
|---|---|---|
| Electricity Price | $12.87 | $19.88 |
| Natural Gas Price | $22.78 | $15.42 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Independence vs Wixom
- Wixom has higher electricity costs at $19.88 per kWh, versus $12.87 in Independence.
- Natural gas is more expensive in Independence at $22.78 per unit, while it is cheaper at $15.42 in Wixom.
- Utility expenses are equal in both Independence and Wixom averaging $250.