Cost of Living: Waukegan, IL vs Hanover, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Waukegan | Hanover |
|---|---|---|
| Housing Index | 95.0 | 85.0 |
| Median Home Price | $248,000 | $197,500 |
| Average Rent (2 BR Apartment) | $1500 | $1200 |
| Average Rent (2 BR House) | $1600 | $1360 |
Housing Comparison: Waukegan vs Hanover
- In Waukegan, the median home price is higher at $248,000, while in Hanover it is $197,500.
- Renting a two-bedroom apartment costs more in Waukegan at $1,500 than in Hanover 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 | Waukegan | Hanover |
|---|---|---|
| Electricity Price | $16.15 | $19.88 |
| Natural Gas Price | $16.59 | $15.42 |
| Other Utilities | $230 | $220 |
Utilities Comparison: Waukegan vs Hanover
- Hanover has higher electricity costs at $19.88 per kWh, versus $16.15 in Waukegan.
- Natural gas is more expensive in Waukegan at $16.59 per unit, while it is cheaper at $15.42 in Hanover.
- Other utility costs are higher in Waukegan at an average of $230, compared to Hanover with $220.