Cost of Living: Cedar rapids, IA vs Memphis, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Cedar rapids | Memphis |
|---|---|---|
| Housing Index | 85.0 | 87.5 |
| Median Home Price | $214,000 | $185,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1256 |
Housing Comparison: Cedar rapids vs Memphis
- In Cedar rapids, the median home price is higher at $214,000, while in Memphis it is $185,000.
- The rent for a two-bedroom apartment is equal in both Cedar rapids 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 | Cedar rapids | Memphis |
|---|---|---|
| Electricity Price | $14.82 | $12.57 |
| Natural Gas Price | $15.61 | $12.35 |
| Other Utilities | $225 | $200 |
Utilities Comparison: Cedar rapids vs Memphis
- Electricity costs are higher in Cedar rapids at $14.82 per kWh, compared to $12.57 in Memphis.
- Natural gas is more expensive in Cedar rapids at $15.61 per unit, while it is cheaper at $12.35 in Memphis.
- Other utility costs are higher in Cedar rapids at an average of $225, compared to Memphis with $200.