Cost of Living: Ithaca, MI vs Hannibal, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ithaca | Hannibal |
|---|---|---|
| Housing Index | 85.0 | 75.0 |
| Median Home Price | $184,000 | $140,000 |
| Average Rent (2 BR Apartment) | $900 | $900 |
| Average Rent (2 BR House) | $920 | $960 |
Housing Comparison: Ithaca vs Hannibal
- In Ithaca, the median home price is higher at $184,000, while in Hannibal it is $140,000.
- The rent for a two-bedroom apartment is equal in both Ithaca and Hannibal at $900.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Ithaca | Hannibal |
|---|---|---|
| Electricity Price | $19.88 | $14.64 |
| Natural Gas Price | $15.42 | $23.25 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Ithaca vs Hannibal
- Electricity costs are higher in Ithaca at $19.88 per kWh, compared to $14.64 in Hannibal.
- Hannibal experiences higher natural gas costs at $23.25 per unit, with costs at $15.42 in Ithaca.
- Utility expenses are equal in both Ithaca and Hannibal averaging $200.