Cost of Living: Houston, TX vs Memphis, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Houston | Memphis |
|---|---|---|
| Housing Index | 115.4 | 87.5 |
| Median Home Price | $321,000 | $185,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1920 | $1256 |
Housing Comparison: Houston vs Memphis
- In Houston, the median home price is higher at $321,000, while in Memphis it is $185,000.
- Renting a two-bedroom apartment costs more in Houston at $1,800 than in Memphis 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 | Houston | Memphis |
|---|---|---|
| Electricity Price | $14.47 | $12.57 |
| Natural Gas Price | $26.29 | $12.35 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Houston vs Memphis
- Electricity costs are higher in Houston at $14.47 per kWh, compared to $12.57 in Memphis.
- Natural gas is more expensive in Houston at $26.29 per unit, while it is cheaper at $12.35 in Memphis.
- Other utility costs are higher in Houston at an average of $250, compared to Memphis with $200.