Cost of Living: Independence, KY vs Lexington, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Independence | Lexington |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $308,000 | $166,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1300 |
Housing Comparison: Independence vs Lexington
- In Independence, the median home price is higher at $308,000, while in Lexington it is $166,000.
- The rent for a two-bedroom apartment is equal in both Independence and Lexington 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 | Lexington |
|---|---|---|
| Electricity Price | $12.87 | $13.72 |
| Natural Gas Price | $22.78 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Independence vs Lexington
- Lexington has higher electricity costs at $13.72 per kWh, versus $12.87 in Independence.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Independence and Lexington averaging $250.