Cost of Living: Novi, MI vs Leitchfield, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Novi | Leitchfield |
|---|---|---|
| Housing Index | 120.0 | 90.0 |
| Median Home Price | $325,000 | $159,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $2000 | $1280 |
Housing Comparison: Novi vs Leitchfield
- In Novi, the median home price is higher at $325,000, while in Leitchfield it is $159,000.
- Renting a two-bedroom apartment costs more in Novi at $1,800 than in Leitchfield 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 | Leitchfield |
|---|---|---|
| Electricity Price | $19.88 | $12.87 |
| Natural Gas Price | $15.42 | $22.78 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Novi vs Leitchfield
- Electricity costs are higher in Novi at $19.88 per kWh, compared to $12.87 in Leitchfield.
- Leitchfield experiences higher natural gas costs at $22.78 per unit, with costs at $15.42 in Novi.
- Other utility costs are higher in Novi at an average of $250, compared to Leitchfield with $200.