Cost of Living: Sterling heights, MI vs Hickory, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Sterling heights | Hickory |
|---|---|---|
| Housing Index | 92.0 | 85.0 |
| Median Home Price | $234,000 | $274,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1300 | $1325 |
Housing Comparison: Sterling heights vs Hickory
- The median home price in Hickory is higher at $274,000, compared to $234,000 in Sterling heights.
- The rent for a two-bedroom apartment is equal in both Sterling heights and Hickory 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 | Sterling heights | Hickory |
|---|---|---|
| Electricity Price | $19.88 | $13.72 |
| Natural Gas Price | $15.42 | $Data is updating |
| Other Utilities | $250 | $150 |
Utilities Comparison: Sterling heights vs Hickory
- Electricity costs are higher in Sterling heights at $19.88 per kWh, compared to $13.72 in Hickory.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Sterling heights at an average of $250, compared to Hickory with $150.