Cost of Living: Hampton, VA vs Erwin, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hampton | Erwin |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $305,000 | $228,000 |
| Average Rent (2 BR Apartment) | $1300 | $1150 |
| Average Rent (2 BR House) | $1200 | $1200 |
Housing Comparison: Hampton vs Erwin
- In Hampton, the median home price is higher at $305,000, while in Erwin it is $228,000.
- Renting a two-bedroom apartment costs more in Hampton at $1,300 than in Erwin at $1,150.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hampton | Erwin |
|---|---|---|
| Electricity Price | $15.31 | $12.57 |
| Natural Gas Price | $19.91 | $12.35 |
| Other Utilities | $250 | $220 |
Utilities Comparison: Hampton vs Erwin
- Electricity costs are higher in Hampton at $15.31 per kWh, compared to $12.57 in Erwin.
- Natural gas is more expensive in Hampton at $19.91 per unit, while it is cheaper at $12.35 in Erwin.
- Other utility costs are higher in Hampton at an average of $250, compared to Erwin with $220.