Cost of Living: Independence, KY vs Riverton, WY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Independence | Riverton |
|---|---|---|
| Housing Index | 110.0 | 90.0 |
| Median Home Price | $308,000 | $263,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1500 |
Housing Comparison: Independence vs Riverton
- In Independence, the median home price is higher at $308,000, while in Riverton it is $263,000.
- The rent for a two-bedroom apartment is equal in both Independence and Riverton 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 | Riverton |
|---|---|---|
| Electricity Price | $12.87 | $12.9 |
| Natural Gas Price | $22.78 | $13.51 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Independence vs Riverton
- Riverton has higher electricity costs at $12.9 per kWh, versus $12.87 in Independence.
- Natural gas is more expensive in Independence at $22.78 per unit, while it is cheaper at $13.51 in Riverton.
- Utility expenses are equal in both Independence and Riverton averaging $250.