Cost of Living: Monroe, MI vs Northbrook, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Northbrook |
|---|---|---|
| Housing Index | 90.4 | 110.0 |
| Median Home Price | $163,000 | $494,000 |
| Average Rent (2 BR Apartment) | $900 | $2200 |
| Average Rent (2 BR House) | $1000 | $2240 |
Housing Comparison: Monroe vs Northbrook
- The median home price in Northbrook is higher at $494,000, compared to $163,000 in Monroe.
- Renting a two-bedroom apartment costs more in Monroe at $900 than in Northbrook at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monroe | Northbrook |
|---|---|---|
| Electricity Price | $19.88 | $16.15 |
| Natural Gas Price | $15.42 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monroe vs Northbrook
- Electricity costs are higher in Monroe at $19.88 per kWh, compared to $16.15 in Northbrook.
- Northbrook experiences higher natural gas costs at $16.59 per unit, with costs at $15.42 in Monroe.
- Utility expenses are equal in both Monroe and Northbrook averaging $250.