Cost of Living: Bolivar, TN vs Loretto, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Bolivar | Loretto |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $173,000 | $175,000 |
| Average Rent (2 BR Apartment) | $1000 | $Data is updating |
| Average Rent (2 BR House) | $1024 | $Data is updating |
Housing Comparison: Bolivar vs Loretto
- The median home price in Loretto is higher at $175,000, compared to $173,000 in Bolivar.
- The rent for a two-bedroom apartment is equal in both Bolivar and Loretto 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 | Bolivar | Loretto |
|---|---|---|
| Electricity Price | $12.57 | $12.87 |
| Natural Gas Price | $12.35 | $22.78 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Bolivar vs Loretto
- Loretto has higher electricity costs at $12.87 per kWh, versus $12.57 in Bolivar.
- Loretto experiences higher natural gas costs at $22.78 per unit, with costs at $12.35 in Bolivar.
- Utility expenses are equal in both Bolivar and Loretto averaging $250.