Cost of Living: Tipton, MO vs Channahon, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Tipton | Channahon |
|---|---|---|
| Housing Index | 75.0 | 90.0 |
| Median Home Price | $145,000 | $263,000 |
| Average Rent (2 BR Apartment) | $960 | $1500 |
| Average Rent (2 BR House) | $960 | $1400 |
Housing Comparison: Tipton vs Channahon
- The median home price in Channahon is higher at $263,000, compared to $145,000 in Tipton.
- Renting a two-bedroom apartment costs more in Tipton at $960 than in Channahon at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Tipton | Channahon |
|---|---|---|
| Electricity Price | $14.64 | $16.15 |
| Natural Gas Price | $23.25 | $16.59 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Tipton vs Channahon
- Channahon has higher electricity costs at $16.15 per kWh, versus $14.64 in Tipton.
- Natural gas is more expensive in Tipton at $23.25 per unit, while it is cheaper at $16.59 in Channahon.
- Channahon has higher utility expenses, averaging $250, while Tipton averages $200.