Cost of Living: Bay minette, AL vs Independence, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Bay minette | Independence |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $242,000 | $182,500 |
| Average Rent (2 BR Apartment) | $1200 | $1050 |
| Average Rent (2 BR House) | $1360 | $840 |
Housing Comparison: Bay minette vs Independence
- In Bay minette, the median home price is higher at $242,000, while in Independence it is $182,500.
- Renting a two-bedroom apartment costs more in Bay minette at $1,200 than in Independence at $1,050.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Bay minette | Independence |
|---|---|---|
| Electricity Price | $15.03 | $14.64 |
| Natural Gas Price | $21.76 | $23.25 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Bay minette vs Independence
- Electricity costs are higher in Bay minette at $15.03 per kWh, compared to $14.64 in Independence.
- Independence experiences higher natural gas costs at $23.25 per unit, with costs at $21.76 in Bay minette.
- Independence has higher utility expenses, averaging $250, while Bay minette averages $220.