Cost of Living: Gallatin, TN vs Springhill, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Gallatin | Springhill |
|---|---|---|
| Housing Index | 110.5 | 90.0 |
| Median Home Price | $398,000 | $188,000 |
| Average Rent (2 BR Apartment) | $1500 | $1200 |
| Average Rent (2 BR House) | $1600 | $1280 |
Housing Comparison: Gallatin vs Springhill
- In Gallatin, the median home price is higher at $398,000, while in Springhill it is $188,000.
- Renting a two-bedroom apartment costs more in Gallatin at $1,500 than in Springhill 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 | Gallatin | Springhill |
|---|---|---|
| Electricity Price | $12.57 | $11.42 |
| Natural Gas Price | $12.35 | $19.48 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Gallatin vs Springhill
- Electricity costs are higher in Gallatin at $12.57 per kWh, compared to $11.42 in Springhill.
- Springhill experiences higher natural gas costs at $19.48 per unit, with costs at $12.35 in Gallatin.
- Utility expenses are equal in both Gallatin and Springhill averaging $250.