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