Cost of Living: Lebanon, TN vs Rockville, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lebanon | Rockville |
|---|---|---|
| Housing Index | 92.0 | 125.6 |
| Median Home Price | $312,000 | $503,000 |
| Average Rent (2 BR Apartment) | $1600 | $2200 |
| Average Rent (2 BR House) | $1646 | $2245 |
Housing Comparison: Lebanon vs Rockville
- The median home price in Rockville is higher at $503,000, compared to $312,000 in Lebanon.
- In Rockville, the rental for a two-bedroom apartment stands at $2,200, 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 | Rockville |
|---|---|---|
| Electricity Price | $12.57 | $17.41 |
| Natural Gas Price | $12.35 | $18.44 |
| Other Utilities | $260 | $250 |
Utilities Comparison: Lebanon vs Rockville
- Rockville has higher electricity costs at $17.41 per kWh, versus $12.57 in Lebanon.
- Rockville experiences higher natural gas costs at $18.44 per unit, with costs at $12.35 in Lebanon.
- Other utility costs are higher in Lebanon at an average of $260, compared to Rockville with $250.