Cost of Living: Saginaw, MI vs Lafayette, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Saginaw | Lafayette |
|---|---|---|
| Housing Index | 75.0 | 90.0 |
| Median Home Price | $108,000 | $218,000 |
| Average Rent (2 BR Apartment) | $1200 | $900 |
| Average Rent (2 BR House) | $1000 | $950 |
Housing Comparison: Saginaw vs Lafayette
- The median home price in Lafayette is higher at $218,000, compared to $108,000 in Saginaw.
- In Lafayette, the rental for a two-bedroom apartment stands at $900, while it is $1,200 in Saginaw.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Saginaw | Lafayette |
|---|---|---|
| Electricity Price | $19.88 | $14.89 |
| Natural Gas Price | $15.42 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Saginaw vs Lafayette
- Electricity costs are higher in Saginaw at $19.88 per kWh, compared to $14.89 in Lafayette.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Saginaw and Lafayette averaging $250.