Cost of Living: Cedar lake, IN vs Red bay, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Cedar lake | Red bay |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $295,000 | $167,000 |
| Average Rent (2 BR Apartment) | $1200 | $960 |
| Average Rent (2 BR House) | $1360 | $992 |
Housing Comparison: Cedar lake vs Red bay
- In Cedar lake, the median home price is higher at $295,000, while in Red bay it is $167,000.
- In Red bay, the rental for a two-bedroom apartment stands at $960, while it is $1,200 in Cedar lake.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Cedar lake | Red bay |
|---|---|---|
| Electricity Price | $14.89 | $15.03 |
| Natural Gas Price | $Data is updating | $21.76 |
| Other Utilities | $250 | $220 |
Utilities Comparison: Cedar lake vs Red bay
- Red bay has higher electricity costs at $15.03 per kWh, versus $14.89 in Cedar lake.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Cedar lake at an average of $250, compared to Red bay with $220.