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.