Cost of Living: Otsego, MI vs Artesia, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Otsego | Artesia |
|---|---|---|
| Housing Index | 90.1 | 90.0 |
| Median Home Price | $208,000 | $236,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1230 | $1280 |
Housing Comparison: Otsego vs Artesia
- The median home price in Artesia is higher at $236,000, compared to $208,000 in Otsego.
- The rent for a two-bedroom apartment is equal in both Otsego and Artesia 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 | Otsego | Artesia |
|---|---|---|
| Electricity Price | $19.88 | $14.44 |
| Natural Gas Price | $15.42 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Otsego vs Artesia
- Electricity costs are higher in Otsego at $19.88 per kWh, compared to $14.44 in Artesia.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Otsego and Artesia averaging $250.