Cost of Living: Germantown, TN vs Indianapolis, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Germantown | Indianapolis |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $401,000 | $238,000 |
| Average Rent (2 BR Apartment) | $1400 | $1200 |
| Average Rent (2 BR House) | $1500 | $1200 |
Housing Comparison: Germantown vs Indianapolis
- In Germantown, the median home price is higher at $401,000, while in Indianapolis it is $238,000.
- Renting a two-bedroom apartment costs more in Germantown at $1,400 than in Indianapolis 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 | Germantown | Indianapolis |
|---|---|---|
| Electricity Price | $12.57 | $14.89 |
| Natural Gas Price | $12.35 | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Germantown vs Indianapolis
- Indianapolis has higher electricity costs at $14.89 per kWh, versus $12.57 in Germantown.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Germantown at an average of $250, compared to Indianapolis with $200.