Cost of Living: Schenectady, NY vs Novi, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Schenectady | Novi |
|---|---|---|
| Housing Index | 115.0 | 120.0 |
| Median Home Price | $247,000 | $325,000 |
| Average Rent (2 BR Apartment) | $1600 | $1800 |
| Average Rent (2 BR House) | $1650 | $2000 |
Housing Comparison: Schenectady vs Novi
- The median home price in Novi is higher at $325,000, compared to $247,000 in Schenectady.
- In Novi, the rental for a two-bedroom apartment stands at $1,800, while it is $1,600 in Schenectady.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Schenectady | Novi |
|---|---|---|
| Electricity Price | $26.08 | $19.88 |
| Natural Gas Price | $18.13 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Schenectady vs Novi
- Electricity costs are higher in Schenectady at $26.08 per kWh, compared to $19.88 in Novi.
- Natural gas is more expensive in Schenectady at $18.13 per unit, while it is cheaper at $15.42 in Novi.
- Utility expenses are equal in both Schenectady and Novi averaging $250.