Cost of Living: Germantown, TN vs Tempe, AZ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Germantown | Tempe |
|---|---|---|
| Housing Index | 90.0 | 115.5 |
| Median Home Price | $401,000 | $405,000 |
| Average Rent (2 BR Apartment) | $1400 | $1800 |
| Average Rent (2 BR House) | $1500 | $1870 |
Housing Comparison: Germantown vs Tempe
- The median home price in Tempe is higher at $405,000, compared to $401,000 in Germantown.
- In Tempe, the rental for a two-bedroom apartment stands at $1,800, 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 | Tempe |
|---|---|---|
| Electricity Price | $12.57 | $15.14 |
| Natural Gas Price | $12.35 | $23.51 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Germantown vs Tempe
- Tempe has higher electricity costs at $15.14 per kWh, versus $12.57 in Germantown.
- Tempe experiences higher natural gas costs at $23.51 per unit, with costs at $12.35 in Germantown.
- Utility expenses are equal in both Germantown and Tempe averaging $250.