Cost of Living: Bossier city, LA vs Memphis, TN

Housing

The housing market plays a significant role in determining the cost of living.

Metric Bossier city Memphis
Housing Index 95.0 87.5
Median Home Price $220,000 $185,000
Average Rent (2 BR Apartment) $1200 $1200
Average Rent (2 BR House) $1350 $1256

Housing Comparison: Bossier city vs Memphis

  • In Bossier city, the median home price is higher at $220,000, while in Memphis it is $185,000.
  • The rent for a two-bedroom apartment is equal in both Bossier city and Memphis 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 Bossier city Memphis
Electricity Price $11.42 $12.57
Natural Gas Price $19.48 $12.35
Other Utilities $250 $200

Utilities Comparison: Bossier city vs Memphis

  • Memphis has higher electricity costs at $12.57 per kWh, versus $11.42 in Bossier city.
  • Natural gas is more expensive in Bossier city at $19.48 per unit, while it is cheaper at $12.35 in Memphis.
  • Other utility costs are higher in Bossier city at an average of $250, compared to Memphis with $200.