Cost of Living: Rockwood, TN vs Hanover, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Rockwood | Hanover |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $190,000 | $197,500 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1040 | $1360 |
Housing Comparison: Rockwood vs Hanover
- The median home price in Hanover is higher at $197,500, compared to $190,000 in Rockwood.
- The rent for a two-bedroom apartment is equal in both Rockwood and Hanover 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 | Rockwood | Hanover |
|---|---|---|
| Electricity Price | $12.57 | $19.88 |
| Natural Gas Price | $12.35 | $15.42 |
| Other Utilities | $200 | $220 |
Utilities Comparison: Rockwood vs Hanover
- Hanover has higher electricity costs at $19.88 per kWh, versus $12.57 in Rockwood.
- Hanover experiences higher natural gas costs at $15.42 per unit, with costs at $12.35 in Rockwood.
- Hanover has higher utility expenses, averaging $220, while Rockwood averages $200.