Cost of Living: Novi, MI vs Two rivers, WI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Novi | Two rivers |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $325,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1800 | $Data is updating |
| Average Rent (2 BR House) | $2000 | $Data is updating |
Housing Comparison: Novi vs Two rivers
- In Novi, the median home price is higher at $325,000, while in Two rivers it is $155,000.
- The rent for a two-bedroom apartment is equal in both Novi and Two rivers 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 | Two rivers |
|---|---|---|
| Electricity Price | $19.88 | $17.6 |
| Natural Gas Price | $15.42 | $11.5 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Novi vs Two rivers
- Electricity costs are higher in Novi at $19.88 per kWh, compared to $17.6 in Two rivers.
- Natural gas is more expensive in Novi at $15.42 per unit, while it is cheaper at $11.5 in Two rivers.
- Utility expenses are equal in both Novi and Two rivers averaging $250.