Cost of Living: Richmond hill, GA vs Otsego, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond hill | Otsego |
|---|---|---|
| Housing Index | 110.5 | 90.1 |
| Median Home Price | $295,000 | $208,000 |
| Average Rent (2 BR Apartment) | $1500 | $1200 |
| Average Rent (2 BR House) | $1600 | $1230 |
Housing Comparison: Richmond hill vs Otsego
- In Richmond hill, the median home price is higher at $295,000, while in Otsego it is $208,000.
- Renting a two-bedroom apartment costs more in Richmond hill at $1,500 than in Otsego 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 | Richmond hill | Otsego |
|---|---|---|
| Electricity Price | $15.53 | $19.88 |
| Natural Gas Price | $27.53 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richmond hill vs Otsego
- Otsego has higher electricity costs at $19.88 per kWh, versus $15.53 in Richmond hill.
- Natural gas is more expensive in Richmond hill at $27.53 per unit, while it is cheaper at $15.42 in Otsego.
- Utility expenses are equal in both Richmond hill and Otsego averaging $250.