Cost of Living: Troy, MI vs Lake park, GA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Troy | Lake park |
|---|---|---|
| Housing Index | 115.0 | Data is updating |
| Median Home Price | $375,000 | $135,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Troy vs Lake park
- In Troy, the median home price is higher at $375,000, while in Lake park it is $135,000.
- The rent for a two-bedroom apartment is equal in both Troy and Lake park 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 | Troy | Lake park |
|---|---|---|
| Electricity Price | $19.88 | $15.53 |
| Natural Gas Price | $15.42 | $27.53 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Troy vs Lake park
- Electricity costs are higher in Troy at $19.88 per kWh, compared to $15.53 in Lake park.
- Lake park experiences higher natural gas costs at $27.53 per unit, with costs at $15.42 in Troy.
- Utility expenses are equal in both Troy and Lake park averaging $250.