Cost of Living: Lebanon, MO vs Baltimore, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lebanon | Baltimore |
|---|---|---|
| Housing Index | 90.0 | 125.0 |
| Median Home Price | $220,000 | $288,000 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1280 | $2240 |
Housing Comparison: Lebanon vs Baltimore
- The median home price in Baltimore is higher at $288,000, compared to $220,000 in Lebanon.
- In Baltimore, the rental for a two-bedroom apartment stands at $2,200, while it is $1,200 in Lebanon.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lebanon | Baltimore |
|---|---|---|
| Electricity Price | $14.64 | $17.41 |
| Natural Gas Price | $23.25 | $18.44 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lebanon vs Baltimore
- Baltimore has higher electricity costs at $17.41 per kWh, versus $14.64 in Lebanon.
- Natural gas is more expensive in Lebanon at $23.25 per unit, while it is cheaper at $18.44 in Baltimore.
- Utility expenses are equal in both Lebanon and Baltimore averaging $250.