Cost of Living: Show low, AZ vs Novi, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Show low | Novi |
|---|---|---|
| Housing Index | 90.2 | 120.0 |
| Median Home Price | $350,000 | $325,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1300 | $2000 |
Housing Comparison: Show low vs Novi
- In Show low, the median home price is higher at $350,000, while in Novi it is $325,000.
- In Novi, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Show low.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Show low | Novi |
|---|---|---|
| Electricity Price | $15.14 | $19.88 |
| Natural Gas Price | $23.51 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Show low vs Novi
- Novi has higher electricity costs at $19.88 per kWh, versus $15.14 in Show low.
- Natural gas is more expensive in Show low at $23.51 per unit, while it is cheaper at $15.42 in Novi.
- Utility expenses are equal in both Show low and Novi averaging $250.