Cost of Living: Novi, MI vs Palos park, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Novi | Palos park |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $325,000 | $350,000 |
| Average Rent (2 BR Apartment) | $1800 | $Data is updating |
| Average Rent (2 BR House) | $2000 | $Data is updating |
Housing Comparison: Novi vs Palos park
- The median home price in Palos park is higher at $350,000, compared to $325,000 in Novi.
- The rent for a two-bedroom apartment is equal in both Novi and Palos park 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 | Palos park |
|---|---|---|
| Electricity Price | $19.88 | $16.15 |
| Natural Gas Price | $15.42 | $16.59 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Novi vs Palos park
- Electricity costs are higher in Novi at $19.88 per kWh, compared to $16.15 in Palos park.
- Palos park experiences higher natural gas costs at $16.59 per unit, with costs at $15.42 in Novi.
- Utility expenses are equal in both Novi and Palos park averaging $250.