Cost of Living: Covington, TN vs Central city, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Covington | Central city |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $205,000 | $117,000 |
| Average Rent (2 BR Apartment) | $1200 | $1500 |
| Average Rent (2 BR House) | $1000 | $1600 |
Housing Comparison: Covington vs Central city
- In Covington, the median home price is higher at $205,000, while in Central city it is $117,000.
- In Central city, the rental for a two-bedroom apartment stands at $1,500, while it is $1,200 in Covington.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Covington | Central city |
|---|---|---|
| Electricity Price | $12.57 | $12.87 |
| Natural Gas Price | $12.35 | $22.78 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Covington vs Central city
- Central city has higher electricity costs at $12.87 per kWh, versus $12.57 in Covington.
- Central city experiences higher natural gas costs at $22.78 per unit, with costs at $12.35 in Covington.
- Central city has higher utility expenses, averaging $250, while Covington averages $200.