Cost of Living: Redford, MI vs Owensboro, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Redford | Owensboro |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $162,500 | $185,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1250 | $Data is updating |
Housing Comparison: Redford vs Owensboro
- The median home price in Owensboro is higher at $185,000, compared to $162,500 in Redford.
- The rent for a two-bedroom apartment is equal in both Redford and Owensboro 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 | Redford | Owensboro |
|---|---|---|
| Electricity Price | $19.88 | $12.87 |
| Natural Gas Price | $15.42 | $22.78 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Redford vs Owensboro
- Electricity costs are higher in Redford at $19.88 per kWh, compared to $12.87 in Owensboro.
- Owensboro experiences higher natural gas costs at $22.78 per unit, with costs at $15.42 in Redford.
- Utility expenses are equal in both Redford and Owensboro averaging $250.