Cost of Living: Independence, KY vs Heber springs, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Independence | Heber springs |
|---|---|---|
| Housing Index | 110.0 | Data is updating |
| Median Home Price | $308,000 | $194,500 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Independence vs Heber springs
- In Independence, the median home price is higher at $308,000, while in Heber springs it is $194,500.
- The rent for a two-bedroom apartment is equal in both Independence and Heber springs 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 | Independence | Heber springs |
|---|---|---|
| Electricity Price | $12.87 | $12.36 |
| Natural Gas Price | $22.78 | $17.08 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Independence vs Heber springs
- Electricity costs are higher in Independence at $12.87 per kWh, compared to $12.36 in Heber springs.
- Natural gas is more expensive in Independence at $22.78 per unit, while it is cheaper at $17.08 in Heber springs.
- Utility expenses are equal in both Independence and Heber springs averaging $250.