Cost of Living: Independence, KY vs Wynne, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Independence | Wynne |
|---|---|---|
| Housing Index | 110.0 | 90.0 |
| Median Home Price | $308,000 | $127,000 |
| Average Rent (2 BR Apartment) | $1200 | $800 |
| Average Rent (2 BR House) | $1280 | $850 |
Housing Comparison: Independence vs Wynne
- In Independence, the median home price is higher at $308,000, while in Wynne it is $127,000.
- In Wynne, the rental for a two-bedroom apartment stands at $800, 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 | Wynne |
|---|---|---|
| Electricity Price | $12.87 | $12.36 |
| Natural Gas Price | $22.78 | $17.08 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Independence vs Wynne
- Electricity costs are higher in Independence at $12.87 per kWh, compared to $12.36 in Wynne.
- Natural gas is more expensive in Independence at $22.78 per unit, while it is cheaper at $17.08 in Wynne.
- Other utility costs are higher in Independence at an average of $250, compared to Wynne with $200.