Cost of Living: Iowa city, IA vs Ann arbor, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Iowa city | Ann arbor |
|---|---|---|
| Housing Index | 110.0 | 115.0 |
| Median Home Price | $305,000 | $303,000 |
| Average Rent (2 BR Apartment) | $1350 | $1800 |
| Average Rent (2 BR House) | $1393 | $1900 |
Housing Comparison: Iowa city vs Ann arbor
- In Iowa city, the median home price is higher at $305,000, while in Ann arbor it is $303,000.
- In Ann arbor, the rental for a two-bedroom apartment stands at $1,800, while it is $1,350 in Iowa city.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Iowa city | Ann arbor |
|---|---|---|
| Electricity Price | $14.82 | $19.88 |
| Natural Gas Price | $15.61 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Iowa city vs Ann arbor
- Ann arbor has higher electricity costs at $19.88 per kWh, versus $14.82 in Iowa city.
- Natural gas is more expensive in Iowa city at $15.61 per unit, while it is cheaper at $15.42 in Ann arbor.
- Utility expenses are equal in both Iowa city and Ann arbor averaging $250.