Cost of Living: Red bay, AL vs Hoffman estates, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red bay | Hoffman estates |
|---|---|---|
| Housing Index | 90.0 | 110.5 |
| Median Home Price | $167,000 | $390,000 |
| Average Rent (2 BR Apartment) | $960 | $1800 |
| Average Rent (2 BR House) | $992 | $1900 |
Housing Comparison: Red bay vs Hoffman estates
- The median home price in Hoffman estates is higher at $390,000, compared to $167,000 in Red bay.
- Renting a two-bedroom apartment costs more in Red bay at $960 than in Hoffman estates 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 | Red bay | Hoffman estates |
|---|---|---|
| Electricity Price | $15.03 | $16.15 |
| Natural Gas Price | $21.76 | $16.59 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Red bay vs Hoffman estates
- Hoffman estates has higher electricity costs at $16.15 per kWh, versus $15.03 in Red bay.
- Natural gas is more expensive in Red bay at $21.76 per unit, while it is cheaper at $16.59 in Hoffman estates.
- Hoffman estates has higher utility expenses, averaging $250, while Red bay averages $220.