Cost of Living: Novi, MI vs Laconia, NH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Novi | Laconia |
|---|---|---|
| Housing Index | 120.0 | 95.0 |
| Median Home Price | $325,000 | $325,000 |
| Average Rent (2 BR Apartment) | $1800 | $1700 |
| Average Rent (2 BR House) | $2000 | $1820 |
Housing Comparison: Novi vs Laconia
- The median home price is the same in both Novi and Laconia at $325,000.
- Renting a two-bedroom apartment costs more in Novi at $1,800 than in Laconia at $1,700.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Novi | Laconia |
|---|---|---|
| Electricity Price | $19.88 | $22.44 |
| Natural Gas Price | $15.42 | $17.58 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Novi vs Laconia
- Laconia has higher electricity costs at $22.44 per kWh, versus $19.88 in Novi.
- Laconia experiences higher natural gas costs at $17.58 per unit, with costs at $15.42 in Novi.
- Utility expenses are equal in both Novi and Laconia averaging $250.