Cost of Living: Richardson, TX vs Hanover park, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richardson | Hanover park |
|---|---|---|
| Housing Index | 110.0 | 115.0 |
| Median Home Price | $381,000 | $408,000 |
| Average Rent (2 BR Apartment) | $1895 | $1800 |
| Average Rent (2 BR House) | $1943 | $1850 |
Housing Comparison: Richardson vs Hanover park
- The median home price in Hanover park is higher at $408,000, compared to $381,000 in Richardson.
- Renting a two-bedroom apartment costs more in Richardson at $1,895 than in Hanover park 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 | Richardson | Hanover park |
|---|---|---|
| Electricity Price | $14.47 | $16.15 |
| Natural Gas Price | $26.29 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richardson vs Hanover park
- Hanover park has higher electricity costs at $16.15 per kWh, versus $14.47 in Richardson.
- Natural gas is more expensive in Richardson at $26.29 per unit, while it is cheaper at $16.59 in Hanover park.
- Utility expenses are equal in both Richardson and Hanover park averaging $250.