Cost of Living: Novi, MI vs Ocoee, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Novi | Ocoee |
|---|---|---|
| Housing Index | 120.0 | 115.0 |
| Median Home Price | $325,000 | $350,000 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $2000 | $1840 |
Housing Comparison: Novi vs Ocoee
- The median home price in Ocoee is higher at $350,000, compared to $325,000 in Novi.
- The rent for a two-bedroom apartment is equal in both Novi and Ocoee at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Novi | Ocoee |
|---|---|---|
| Electricity Price | $19.88 | $13.89 |
| Natural Gas Price | $15.42 | $26.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Novi vs Ocoee
- Electricity costs are higher in Novi at $19.88 per kWh, compared to $13.89 in Ocoee.
- Ocoee experiences higher natural gas costs at $26.13 per unit, with costs at $15.42 in Novi.
- Utility expenses are equal in both Novi and Ocoee averaging $250.