Cost of Living: Lawrence, MA vs Covington, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lawrence | Covington |
|---|---|---|
| Housing Index | Data is updating | 115.0 |
| Median Home Price | $375,000 | $215,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1250 |
Housing Comparison: Lawrence vs Covington
- In Lawrence, the median home price is higher at $375,000, while in Covington it is $215,000.
- The rent for a two-bedroom apartment is equal in both Lawrence and Covington at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lawrence | Covington |
|---|---|---|
| Electricity Price | $28.15 | $12.87 |
| Natural Gas Price | $21.62 | $22.78 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Lawrence vs Covington
- Electricity costs are higher in Lawrence at $28.15 per kWh, compared to $12.87 in Covington.
- Covington experiences higher natural gas costs at $22.78 per unit, with costs at $21.62 in Lawrence.
- Utility expenses are equal in both Lawrence and Covington averaging $0.0.