Cost of Living: Independence, KY vs Banning, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Independence | Banning |
|---|---|---|
| Housing Index | 110.0 | 110.0 |
| Median Home Price | $308,000 | $420,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1280 | $1828 |
Housing Comparison: Independence vs Banning
- The median home price in Banning is higher at $420,000, compared to $308,000 in Independence.
- In Banning, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Independence.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Independence | Banning |
|---|---|---|
| Electricity Price | $12.87 | $32.99 |
| Natural Gas Price | $22.78 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Independence vs Banning
- Banning has higher electricity costs at $32.99 per kWh, versus $12.87 in Independence.
- Natural gas is more expensive in Independence at $22.78 per unit, while it is cheaper at $16.99 in Banning.
- Utility expenses are equal in both Independence and Banning averaging $250.