Cost of Living: Colleyville, TX vs Tempe, AZ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Colleyville | Tempe |
|---|---|---|
| Housing Index | 130.7 | 115.5 |
| Median Home Price | $531,000 | $405,000 |
| Average Rent (2 BR Apartment) | $2300 | $1800 |
| Average Rent (2 BR House) | $2365 | $1870 |
Housing Comparison: Colleyville vs Tempe
- In Colleyville, the median home price is higher at $531,000, while in Tempe it is $405,000.
- Renting a two-bedroom apartment costs more in Colleyville at $2,300 than in Tempe at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Colleyville | Tempe |
|---|---|---|
| Electricity Price | $14.47 | $15.14 |
| Natural Gas Price | $26.29 | $23.51 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Colleyville vs Tempe
- Tempe has higher electricity costs at $15.14 per kWh, versus $14.47 in Colleyville.
- Natural gas is more expensive in Colleyville at $26.29 per unit, while it is cheaper at $23.51 in Tempe.
- Utility expenses are equal in both Colleyville and Tempe averaging $250.