Cost of Living: Lancaster, SC vs Kannapolis, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lancaster | Kannapolis |
|---|---|---|
| Housing Index | 90.0 | 95.7 |
| Median Home Price | $207,000 | $295,000 |
| Average Rent (2 BR Apartment) | $1410 | $1400 |
| Average Rent (2 BR House) | $1480 | $1440 |
Housing Comparison: Lancaster vs Kannapolis
- The median home price in Kannapolis is higher at $295,000, compared to $207,000 in Lancaster.
- Renting a two-bedroom apartment costs more in Lancaster at $1,410 than in Kannapolis at $1,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lancaster | Kannapolis |
|---|---|---|
| Electricity Price | $14.18 | $13.72 |
| Natural Gas Price | $23.51 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lancaster vs Kannapolis
- Electricity costs are higher in Lancaster at $14.18 per kWh, compared to $13.72 in Kannapolis.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Lancaster and Kannapolis averaging $250.