Cost of Living: Madison, MS vs Loves park, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Loves park |
|---|---|---|
| Housing Index | 110.0 | 80.0 |
| Median Home Price | $281,000 | $213,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1600 |
Housing Comparison: Madison vs Loves park
- In Madison, the median home price is higher at $281,000, while in Loves park it is $213,000.
- The rent for a two-bedroom apartment is equal in both Madison and Loves park at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Madison | Loves park |
|---|---|---|
| Electricity Price | $13.42 | $16.15 |
| Natural Gas Price | $22.19 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Madison vs Loves park
- Loves park has higher electricity costs at $16.15 per kWh, versus $13.42 in Madison.
- Natural gas is more expensive in Madison at $22.19 per unit, while it is cheaper at $16.59 in Loves park.
- Utility expenses are equal in both Madison and Loves park averaging $250.