Cost of Living: Lancaster, OH vs Troy, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lancaster | Troy |
|---|---|---|
| Housing Index | Data is updating | 115.0 |
| Median Home Price | $223,000 | $375,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1280 |
Housing Comparison: Lancaster vs Troy
- The median home price in Troy is higher at $375,000, compared to $223,000 in Lancaster.
- The rent for a two-bedroom apartment is equal in both Lancaster and Troy at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lancaster | Troy |
|---|---|---|
| Electricity Price | $15.92 | $19.88 |
| Natural Gas Price | $Data is updating | $15.42 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Lancaster vs Troy
- Troy has higher electricity costs at $19.88 per kWh, versus $15.92 in Lancaster.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Lancaster and Troy averaging $0.0.