Cost of Living: Troy, MI vs Denton, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Troy | Denton |
|---|---|---|
| Housing Index | 115.0 | 115.0 |
| Median Home Price | $375,000 | $345,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1280 | $1840 |
Housing Comparison: Troy vs Denton
- In Troy, the median home price is higher at $375,000, while in Denton it is $345,000.
- In Denton, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Troy.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Troy | Denton |
|---|---|---|
| Electricity Price | $19.88 | $14.47 |
| Natural Gas Price | $15.42 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Troy vs Denton
- Electricity costs are higher in Troy at $19.88 per kWh, compared to $14.47 in Denton.
- Denton experiences higher natural gas costs at $26.29 per unit, with costs at $15.42 in Troy.
- Utility expenses are equal in both Troy and Denton averaging $250.