Cost of Living: Troy, MI vs Wadesboro, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Troy | Wadesboro |
|---|---|---|
| Housing Index | 115.0 | 90.0 |
| Median Home Price | $375,000 | $147,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1250 |
Housing Comparison: Troy vs Wadesboro
- In Troy, the median home price is higher at $375,000, while in Wadesboro it is $147,000.
- The rent for a two-bedroom apartment is equal in both Troy and Wadesboro 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 | Wadesboro |
|---|---|---|
| Electricity Price | $19.88 | $13.72 |
| Natural Gas Price | $15.42 | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Troy vs Wadesboro
- Electricity costs are higher in Troy at $19.88 per kWh, compared to $13.72 in Wadesboro.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Troy at an average of $250, compared to Wadesboro with $200.