Cost of Living: Severn, MD vs Hanover, NH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Severn | Hanover |
|---|---|---|
| Housing Index | Data is updating | 120.5 |
| Median Home Price | $441,000 | $401,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1800 |
| Average Rent (2 BR House) | $Data is updating | $1840 |
Housing Comparison: Severn vs Hanover
- In Severn, the median home price is higher at $441,000, while in Hanover it is $401,000.
- The rent for a two-bedroom apartment is equal in both Severn and Hanover 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 | Hanover |
|---|---|---|
| Electricity Price | $17.41 | $22.44 |
| Natural Gas Price | $18.44 | $17.58 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Severn vs Hanover
- Hanover has higher electricity costs at $22.44 per kWh, versus $17.41 in Severn.
- Natural gas is more expensive in Severn at $18.44 per unit, while it is cheaper at $17.58 in Hanover.
- Utility expenses are equal in both Severn and Hanover averaging $0.0.