Cost of Living: Lansing, MI vs Sparks, NV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lansing | Sparks |
|---|---|---|
| Housing Index | 85.0 | 105.0 |
| Median Home Price | $228,500 | $475,000 |
| Average Rent (2 BR Apartment) | $1200 | $1600 |
| Average Rent (2 BR House) | $1360 | $1628 |
Housing Comparison: Lansing vs Sparks
- The median home price in Sparks is higher at $475,000, compared to $228,500 in Lansing.
- In Sparks, the rental for a two-bedroom apartment stands at $1,600, while it is $1,200 in Lansing.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lansing | Sparks |
|---|---|---|
| Electricity Price | $19.88 | $15.5 |
| Natural Gas Price | $15.42 | $20.66 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lansing vs Sparks
- Electricity costs are higher in Lansing at $19.88 per kWh, compared to $15.5 in Sparks.
- Sparks experiences higher natural gas costs at $20.66 per unit, with costs at $15.42 in Lansing.
- Utility expenses are equal in both Lansing and Sparks averaging $250.