Cost of Living: Covington, TN vs Waukegan, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Covington | Waukegan |
|---|---|---|
| Housing Index | 85.0 | 95.0 |
| Median Home Price | $205,000 | $248,000 |
| Average Rent (2 BR Apartment) | $1200 | $1500 |
| Average Rent (2 BR House) | $1000 | $1600 |
Housing Comparison: Covington vs Waukegan
- The median home price in Waukegan is higher at $248,000, compared to $205,000 in Covington.
- In Waukegan, 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 | Waukegan |
|---|---|---|
| Electricity Price | $12.57 | $16.15 |
| Natural Gas Price | $12.35 | $16.59 |
| Other Utilities | $200 | $230 |
Utilities Comparison: Covington vs Waukegan
- Waukegan has higher electricity costs at $16.15 per kWh, versus $12.57 in Covington.
- Waukegan experiences higher natural gas costs at $16.59 per unit, with costs at $12.35 in Covington.
- Waukegan has higher utility expenses, averaging $230, while Covington averages $200.