Cost of Living: North liberty, IA vs Houghton, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | North liberty | Houghton |
|---|---|---|
| Housing Index | 95.0 | 95.0 |
| Median Home Price | $345,000 | $180,000 |
| Average Rent (2 BR Apartment) | $1250 | $1200 |
| Average Rent (2 BR House) | $1280 | $1280 |
Housing Comparison: North liberty vs Houghton
- In North liberty, the median home price is higher at $345,000, while in Houghton it is $180,000.
- Renting a two-bedroom apartment costs more in North liberty at $1,250 than in Houghton 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 | North liberty | Houghton |
|---|---|---|
| Electricity Price | $14.82 | $19.88 |
| Natural Gas Price | $15.61 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: North liberty vs Houghton
- Houghton has higher electricity costs at $19.88 per kWh, versus $14.82 in North liberty.
- Natural gas is more expensive in North liberty at $15.61 per unit, while it is cheaper at $15.42 in Houghton.
- Utility expenses are equal in both North liberty and Houghton averaging $250.