Cost of Living: Lebanon, TN vs Madisonville, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lebanon | Madisonville |
|---|---|---|
| Housing Index | 92.0 | 85.0 |
| Median Home Price | $312,000 | $204,000 |
| Average Rent (2 BR Apartment) | $1600 | $880 |
| Average Rent (2 BR House) | $1646 | $850 |
Housing Comparison: Lebanon vs Madisonville
- In Lebanon, the median home price is higher at $312,000, while in Madisonville it is $204,000.
- In Madisonville, the rental for a two-bedroom apartment stands at $880, while it is $1,600 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 | Madisonville |
|---|---|---|
| Electricity Price | $12.57 | $14.47 |
| Natural Gas Price | $12.35 | $26.29 |
| Other Utilities | $260 | $200 |
Utilities Comparison: Lebanon vs Madisonville
- Madisonville has higher electricity costs at $14.47 per kWh, versus $12.57 in Lebanon.
- Madisonville experiences higher natural gas costs at $26.29 per unit, with costs at $12.35 in Lebanon.
- Other utility costs are higher in Lebanon at an average of $260, compared to Madisonville with $200.