Cost of Living: Southfield, MI vs Shreveport, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Southfield | Shreveport |
|---|---|---|
| Housing Index | 105.0 | 95.0 |
| Median Home Price | $264,000 | $242,000 |
| Average Rent (2 BR Apartment) | $1400 | $1200 |
| Average Rent (2 BR House) | $1440 | $1240 |
Housing Comparison: Southfield vs Shreveport
- In Southfield, the median home price is higher at $264,000, while in Shreveport it is $242,000.
- Renting a two-bedroom apartment costs more in Southfield at $1,400 than in Shreveport at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Southfield | Shreveport |
|---|---|---|
| Electricity Price | $19.88 | $11.42 |
| Natural Gas Price | $15.42 | $19.48 |
| Other Utilities | $260 | $250 |
Utilities Comparison: Southfield vs Shreveport
- Electricity costs are higher in Southfield at $19.88 per kWh, compared to $11.42 in Shreveport.
- Shreveport experiences higher natural gas costs at $19.48 per unit, with costs at $15.42 in Southfield.
- Other utility costs are higher in Southfield at an average of $260, compared to Shreveport with $250.