Cost of Living: Germantown, TN vs Lynn, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Germantown | Lynn |
|---|---|---|
| Housing Index | 90.0 | 125.0 |
| Median Home Price | $401,000 | $476,800 |
| Average Rent (2 BR Apartment) | $1400 | $2400 |
| Average Rent (2 BR House) | $1500 | $2496 |
Housing Comparison: Germantown vs Lynn
- The median home price in Lynn is higher at $476,800, compared to $401,000 in Germantown.
- In Lynn, the rental for a two-bedroom apartment stands at $2,400, while it is $1,400 in Germantown.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Germantown | Lynn |
|---|---|---|
| Electricity Price | $12.57 | $28.15 |
| Natural Gas Price | $12.35 | $21.62 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Germantown vs Lynn
- Lynn has higher electricity costs at $28.15 per kWh, versus $12.57 in Germantown.
- Lynn experiences higher natural gas costs at $21.62 per unit, with costs at $12.35 in Germantown.
- Lynn has higher utility expenses, averaging $280, while Germantown averages $250.