Cost of Living: Red river, NM vs Otsego, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red river | Otsego |
|---|---|---|
| Housing Index | Data is updating | 90.1 |
| Median Home Price | $241,000 | $208,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1230 |
Housing Comparison: Red river vs Otsego
- In Red river, the median home price is higher at $241,000, while in Otsego it is $208,000.
- The rent for a two-bedroom apartment is equal in both Red river and Otsego at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Red river | Otsego |
|---|---|---|
| Electricity Price | $14.44 | $19.88 |
| Natural Gas Price | $Data is updating | $15.42 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Red river vs Otsego
- Otsego has higher electricity costs at $19.88 per kWh, versus $14.44 in Red river.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Red river and Otsego averaging $0.0.