Cost of Living: Luana, IA vs Novi, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Luana | Novi |
|---|---|---|
| Housing Index | Data is updating | 120.0 |
| Median Home Price | $147,000 | $325,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1800 |
| Average Rent (2 BR House) | $Data is updating | $2000 |
Housing Comparison: Luana vs Novi
- The median home price in Novi is higher at $325,000, compared to $147,000 in Luana.
- The rent for a two-bedroom apartment is equal in both Luana and Novi 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 | Luana | Novi |
|---|---|---|
| Electricity Price | $14.82 | $19.88 |
| Natural Gas Price | $15.61 | $15.42 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Luana vs Novi
- Novi has higher electricity costs at $19.88 per kWh, versus $14.82 in Luana.
- Natural gas is more expensive in Luana at $15.61 per unit, while it is cheaper at $15.42 in Novi.
- Utility expenses are equal in both Luana and Novi averaging $0.0.