Cost of Living: Hot springs village, AR vs Cary, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hot springs village | Cary |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $265,000 | $443,500 |
| Average Rent (2 BR Apartment) | $1200 | $1750 |
| Average Rent (2 BR House) | $1250 | $1800 |
Housing Comparison: Hot springs village vs Cary
- The median home price in Cary is higher at $443,500, compared to $265,000 in Hot springs village.
- In Cary, the rental for a two-bedroom apartment stands at $1,750, while it is $1,200 in Hot springs village.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hot springs village | Cary |
|---|---|---|
| Electricity Price | $12.36 | $13.72 |
| Natural Gas Price | $17.08 | $Data is updating |
| Other Utilities | $200 | $200 |
Utilities Comparison: Hot springs village vs Cary
- Cary has higher electricity costs at $13.72 per kWh, versus $12.36 in Hot springs village.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Hot springs village and Cary averaging $200.