Cost of Living: Gallatin, TN vs Loves park, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Gallatin | Loves park |
|---|---|---|
| Housing Index | 110.5 | 80.0 |
| Median Home Price | $398,000 | $213,000 |
| Average Rent (2 BR Apartment) | $1500 | $1200 |
| Average Rent (2 BR House) | $1600 | $1600 |
Housing Comparison: Gallatin vs Loves park
- In Gallatin, the median home price is higher at $398,000, while in Loves park it is $213,000.
- Renting a two-bedroom apartment costs more in Gallatin at $1,500 than in Loves 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 | Gallatin | Loves park |
|---|---|---|
| Electricity Price | $12.57 | $16.15 |
| Natural Gas Price | $12.35 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Gallatin vs Loves park
- Loves park has higher electricity costs at $16.15 per kWh, versus $12.57 in Gallatin.
- Loves park experiences higher natural gas costs at $16.59 per unit, with costs at $12.35 in Gallatin.
- Utility expenses are equal in both Gallatin and Loves park averaging $250.