Cost of Living: Indianapolis, IN vs Red bay, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Indianapolis | Red bay |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $238,000 | $167,000 |
| Average Rent (2 BR Apartment) | $1200 | $960 |
| Average Rent (2 BR House) | $1200 | $992 |
Housing Comparison: Indianapolis vs Red bay
- In Indianapolis, the median home price is higher at $238,000, while in Red bay it is $167,000.
- In Red bay, the rental for a two-bedroom apartment stands at $960, while it is $1,200 in Indianapolis.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Indianapolis | Red bay |
|---|---|---|
| Electricity Price | $14.89 | $15.03 |
| Natural Gas Price | $Data is updating | $21.76 |
| Other Utilities | $200 | $220 |
Utilities Comparison: Indianapolis vs Red bay
- Red bay has higher electricity costs at $15.03 per kWh, versus $14.89 in Indianapolis.
- Natural gas price data is currently unavailable.
- Red bay has higher utility expenses, averaging $220, while Indianapolis averages $200.