Cost of Living: Austin, TX vs Springfield, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Austin | Springfield |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $572,000 | $182,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1840 | $1600 |
Housing Comparison: Austin vs Springfield
- In Austin, the median home price is higher at $572,000, while in Springfield it is $182,000.
- Renting a two-bedroom apartment costs more in Austin at $1,800 than in Springfield 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 | Austin | Springfield |
|---|---|---|
| Electricity Price | $14.47 | $12.87 |
| Natural Gas Price | $26.29 | $22.78 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Austin vs Springfield
- Electricity costs are higher in Austin at $14.47 per kWh, compared to $12.87 in Springfield.
- Natural gas is more expensive in Austin at $26.29 per unit, while it is cheaper at $22.78 in Springfield.
- Springfield has higher utility expenses, averaging $250, while Austin averages $200.