Cost of Living: The colony, TX vs Fairfield, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | The colony | Fairfield |
|---|---|---|
| Housing Index | 110.0 | 85.3 |
| Median Home Price | $413,000 | $150,000 |
| Average Rent (2 BR Apartment) | $1900 | $1200 |
| Average Rent (2 BR House) | $2000 | $1360 |
Housing Comparison: The colony vs Fairfield
- In The colony, the median home price is higher at $413,000, while in Fairfield it is $150,000.
- Renting a two-bedroom apartment costs more in The colony at $1,900 than in Fairfield 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 | The colony | Fairfield |
|---|---|---|
| Electricity Price | $14.47 | $14.82 |
| Natural Gas Price | $26.29 | $15.61 |
| Other Utilities | $250 | $250 |
Utilities Comparison: The colony vs Fairfield
- Fairfield has higher electricity costs at $14.82 per kWh, versus $14.47 in The colony.
- Natural gas is more expensive in The colony at $26.29 per unit, while it is cheaper at $15.61 in Fairfield.
- Utility expenses are equal in both The colony and Fairfield averaging $250.