Cost of Living: Independence, KY vs Lancaster, PA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Independence | Lancaster |
|---|---|---|
| Housing Index | 110.0 | 120.0 |
| Median Home Price | $308,000 | $200,000 |
| Average Rent (2 BR Apartment) | $1200 | $1600 |
| Average Rent (2 BR House) | $1280 | $1640 |
Housing Comparison: Independence vs Lancaster
- In Independence, the median home price is higher at $308,000, while in Lancaster it is $200,000.
- In Lancaster, the rental for a two-bedroom apartment stands at $1,600, 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 | Lancaster |
|---|---|---|
| Electricity Price | $12.87 | $17.68 |
| Natural Gas Price | $22.78 | $17.61 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Independence vs Lancaster
- Lancaster has higher electricity costs at $17.68 per kWh, versus $12.87 in Independence.
- Natural gas is more expensive in Independence at $22.78 per unit, while it is cheaper at $17.61 in Lancaster.
- Utility expenses are equal in both Independence and Lancaster averaging $250.