Cost of Living: Lebanon, TN vs Lafayette, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lebanon | Lafayette |
|---|---|---|
| Housing Index | 92.0 | 90.0 |
| Median Home Price | $312,000 | $215,000 |
| Average Rent (2 BR Apartment) | $1600 | $1200 |
| Average Rent (2 BR House) | $1646 | $1360 |
Housing Comparison: Lebanon vs Lafayette
- In Lebanon, the median home price is higher at $312,000, while in Lafayette it is $215,000.
- Renting a two-bedroom apartment costs more in Lebanon at $1,600 than in Lafayette at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lebanon | Lafayette |
|---|---|---|
| Electricity Price | $12.57 | $11.42 |
| Natural Gas Price | $12.35 | $19.48 |
| Other Utilities | $260 | $200 |
Utilities Comparison: Lebanon vs Lafayette
- Electricity costs are higher in Lebanon at $12.57 per kWh, compared to $11.42 in Lafayette.
- Lafayette experiences higher natural gas costs at $19.48 per unit, with costs at $12.35 in Lebanon.
- Other utility costs are higher in Lebanon at an average of $260, compared to Lafayette with $200.