Cost of Living: Montrose, MI vs Riverbank, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Montrose | Riverbank |
|---|---|---|
| Housing Index | 85.0 | 120.5 |
| Median Home Price | $200,000 | $460,000 |
| Average Rent (2 BR Apartment) | $800 | $2200 |
| Average Rent (2 BR House) | $816 | $2240 |
Housing Comparison: Montrose vs Riverbank
- The median home price in Riverbank is higher at $460,000, compared to $200,000 in Montrose.
- Renting a two-bedroom apartment costs more in Montrose at $800 than in Riverbank 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 | Montrose | Riverbank |
|---|---|---|
| Electricity Price | $19.88 | $32.99 |
| Natural Gas Price | $15.42 | $16.99 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Montrose vs Riverbank
- Riverbank has higher electricity costs at $32.99 per kWh, versus $19.88 in Montrose.
- Riverbank experiences higher natural gas costs at $16.99 per unit, with costs at $15.42 in Montrose.
- Riverbank has higher utility expenses, averaging $250, while Montrose averages $200.