Cost of Living: Frankfort, KY vs Carmel, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Frankfort | Carmel |
|---|---|---|
| Housing Index | 90.0 | 120.5 |
| Median Home Price | $215,000 | $396,000 |
| Average Rent (2 BR Apartment) | $800 | $1800 |
| Average Rent (2 BR House) | $960 | $1830 |
Housing Comparison: Frankfort vs Carmel
- The median home price in Carmel is higher at $396,000, compared to $215,000 in Frankfort.
- Renting a two-bedroom apartment costs more in Frankfort at $800 than in Carmel 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 | Frankfort | Carmel |
|---|---|---|
| Electricity Price | $12.87 | $14.89 |
| Natural Gas Price | $22.78 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Frankfort vs Carmel
- Carmel has higher electricity costs at $14.89 per kWh, versus $12.87 in Frankfort.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Frankfort and Carmel averaging $250.