Cost of Living: Novi, MI vs Clarksville, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Novi | Clarksville |
|---|---|---|
| Housing Index | 120.0 | 90.0 |
| Median Home Price | $325,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $2000 | $1360 |
Housing Comparison: Novi vs Clarksville
- In Novi, the median home price is higher at $325,000, while in Clarksville it is $155,000.
- Renting a two-bedroom apartment costs more in Novi at $1,800 than in Clarksville 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 | Novi | Clarksville |
|---|---|---|
| Electricity Price | $19.88 | $12.36 |
| Natural Gas Price | $15.42 | $17.08 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Novi vs Clarksville
- Electricity costs are higher in Novi at $19.88 per kWh, compared to $12.36 in Clarksville.
- Clarksville experiences higher natural gas costs at $17.08 per unit, with costs at $15.42 in Novi.
- Utility expenses are equal in both Novi and Clarksville averaging $250.