Cost of Living: Cabot, AR vs Princeton, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Cabot | Princeton |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $217,500 | $100,000 |
| Average Rent (2 BR Apartment) | $1200 | $1080 |
| Average Rent (2 BR House) | $1245 | $1024 |
Housing Comparison: Cabot vs Princeton
- In Cabot, the median home price is higher at $217,500, while in Princeton it is $100,000.
- Renting a two-bedroom apartment costs more in Cabot at $1,200 than in Princeton at $1,080.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Cabot | Princeton |
|---|---|---|
| Electricity Price | $12.36 | $16.15 |
| Natural Gas Price | $17.08 | $16.59 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Cabot vs Princeton
- Princeton has higher electricity costs at $16.15 per kWh, versus $12.36 in Cabot.
- Natural gas is more expensive in Cabot at $17.08 per unit, while it is cheaper at $16.59 in Princeton.
- Utility expenses are equal in both Cabot and Princeton averaging $200.