Cost of Living: Lebanon, TN vs Phoenix, AZ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lebanon | Phoenix |
|---|---|---|
| Housing Index | 92.0 | 115.0 |
| Median Home Price | $312,000 | $358,200 |
| Average Rent (2 BR Apartment) | $1600 | $1800 |
| Average Rent (2 BR House) | $1646 | $1840 |
Housing Comparison: Lebanon vs Phoenix
- The median home price in Phoenix is higher at $358,200, compared to $312,000 in Lebanon.
- In Phoenix, the rental for a two-bedroom apartment stands at $1,800, 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 | Phoenix |
|---|---|---|
| Electricity Price | $12.57 | $15.14 |
| Natural Gas Price | $12.35 | $23.51 |
| Other Utilities | $260 | $250 |
Utilities Comparison: Lebanon vs Phoenix
- Phoenix has higher electricity costs at $15.14 per kWh, versus $12.57 in Lebanon.
- Phoenix experiences higher natural gas costs at $23.51 per unit, with costs at $12.35 in Lebanon.
- Other utility costs are higher in Lebanon at an average of $260, compared to Phoenix with $250.