Cost of Living: Shreveport, LA vs Gallatin, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Shreveport | Gallatin |
|---|---|---|
| Housing Index | 95.0 | 110.5 |
| Median Home Price | $242,000 | $398,000 |
| Average Rent (2 BR Apartment) | $1200 | $1500 |
| Average Rent (2 BR House) | $1240 | $1600 |
Housing Comparison: Shreveport vs Gallatin
- The median home price in Gallatin is higher at $398,000, compared to $242,000 in Shreveport.
- In Gallatin, the rental for a two-bedroom apartment stands at $1,500, while it is $1,200 in Shreveport.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Shreveport | Gallatin |
|---|---|---|
| Electricity Price | $11.42 | $12.57 |
| Natural Gas Price | $19.48 | $12.35 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Shreveport vs Gallatin
- Gallatin has higher electricity costs at $12.57 per kWh, versus $11.42 in Shreveport.
- Natural gas is more expensive in Shreveport at $19.48 per unit, while it is cheaper at $12.35 in Gallatin.
- Utility expenses are equal in both Shreveport and Gallatin averaging $250.