Cost of Living: Decatur, IN vs Independence, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Decatur | Independence |
|---|---|---|
| Housing Index | 85.0 | 110.0 |
| Median Home Price | $197,000 | $308,000 |
| Average Rent (2 BR Apartment) | $800 | $1200 |
| Average Rent (2 BR House) | $850 | $1280 |
Housing Comparison: Decatur vs Independence
- The median home price in Independence is higher at $308,000, compared to $197,000 in Decatur.
- Renting a two-bedroom apartment costs more in Decatur at $800 than in Independence 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 | Decatur | Independence |
|---|---|---|
| Electricity Price | $14.89 | $12.87 |
| Natural Gas Price | $Data is updating | $22.78 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Decatur vs Independence
- Electricity costs are higher in Decatur at $14.89 per kWh, compared to $12.87 in Independence.
- Natural gas price data is currently unavailable.
- Independence has higher utility expenses, averaging $250, while Decatur averages $200.