Cost of Living: Princeton, IL vs Carmel, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Princeton | Carmel |
|---|---|---|
| Housing Index | 90.0 | 120.5 |
| Median Home Price | $100,000 | $396,000 |
| Average Rent (2 BR Apartment) | $1080 | $1800 |
| Average Rent (2 BR House) | $1024 | $1830 |
Housing Comparison: Princeton vs Carmel
- The median home price in Carmel is higher at $396,000, compared to $100,000 in Princeton.
- In Carmel, the rental for a two-bedroom apartment stands at $1,800, while it is $1,080 in Princeton.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Princeton | Carmel |
|---|---|---|
| Electricity Price | $16.15 | $14.89 |
| Natural Gas Price | $16.59 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Princeton vs Carmel
- Electricity costs are higher in Princeton at $16.15 per kWh, compared to $14.89 in Carmel.
- Natural gas price data is currently unavailable.
- Carmel has higher utility expenses, averaging $250, while Princeton averages $200.