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.