Cost of Living: Carmel, IN vs Germantown, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Carmel | Germantown |
|---|---|---|
| Housing Index | 120.5 | 90.0 |
| Median Home Price | $396,000 | $401,000 |
| Average Rent (2 BR Apartment) | $1800 | $1400 |
| Average Rent (2 BR House) | $1830 | $1500 |
Housing Comparison: Carmel vs Germantown
- The median home price in Germantown is higher at $401,000, compared to $396,000 in Carmel.
- Renting a two-bedroom apartment costs more in Carmel at $1,800 than in Germantown at $1,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Carmel | Germantown |
|---|---|---|
| Electricity Price | $14.89 | $12.57 |
| Natural Gas Price | $Data is updating | $12.35 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Carmel vs Germantown
- Electricity costs are higher in Carmel at $14.89 per kWh, compared to $12.57 in Germantown.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Carmel and Germantown averaging $250.