Cost of Living: Severn, MD vs Elgin, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Severn | Elgin |
|---|---|---|
| Housing Index | Data is updating | 115.0 |
| Median Home Price | $441,000 | $292,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1600 |
| Average Rent (2 BR House) | $Data is updating | $1650 |
Housing Comparison: Severn vs Elgin
- In Severn, the median home price is higher at $441,000, while in Elgin it is $292,000.
- The rent for a two-bedroom apartment is equal in both Severn and Elgin at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Severn | Elgin |
|---|---|---|
| Electricity Price | $17.41 | $16.15 |
| Natural Gas Price | $18.44 | $16.59 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Severn vs Elgin
- Electricity costs are higher in Severn at $17.41 per kWh, compared to $16.15 in Elgin.
- Natural gas is more expensive in Severn at $18.44 per unit, while it is cheaper at $16.59 in Elgin.
- Utility expenses are equal in both Severn and Elgin averaging $0.0.