Cost of Living: Lebanon, TN vs Champaign, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lebanon | Champaign |
|---|---|---|
| Housing Index | 92.0 | 90.0 |
| Median Home Price | $312,000 | $264,000 |
| Average Rent (2 BR Apartment) | $1600 | $1100 |
| Average Rent (2 BR House) | $1646 | $1120 |
Housing Comparison: Lebanon vs Champaign
- In Lebanon, the median home price is higher at $312,000, while in Champaign it is $264,000.
- Renting a two-bedroom apartment costs more in Lebanon at $1,600 than in Champaign at $1,100.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lebanon | Champaign |
|---|---|---|
| Electricity Price | $12.57 | $16.15 |
| Natural Gas Price | $12.35 | $16.59 |
| Other Utilities | $260 | $150 |
Utilities Comparison: Lebanon vs Champaign
- Champaign has higher electricity costs at $16.15 per kWh, versus $12.57 in Lebanon.
- Champaign experiences higher natural gas costs at $16.59 per unit, with costs at $12.35 in Lebanon.
- Other utility costs are higher in Lebanon at an average of $260, compared to Champaign with $150.