Cost of Living: Benton, AR vs Bolivar, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Benton | Bolivar |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $196,000 | $173,000 |
| Average Rent (2 BR Apartment) | $1200 | $1000 |
| Average Rent (2 BR House) | $1280 | $1024 |
Housing Comparison: Benton vs Bolivar
- In Benton, the median home price is higher at $196,000, while in Bolivar it is $173,000.
- Renting a two-bedroom apartment costs more in Benton at $1,200 than in Bolivar at $1,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Benton | Bolivar |
|---|---|---|
| Electricity Price | $12.36 | $12.57 |
| Natural Gas Price | $17.08 | $12.35 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Benton vs Bolivar
- Bolivar has higher electricity costs at $12.57 per kWh, versus $12.36 in Benton.
- Natural gas is more expensive in Benton at $17.08 per unit, while it is cheaper at $12.35 in Bolivar.
- Utility expenses are equal in both Benton and Bolivar averaging $250.