Cost of Living: Lexington, KY vs Boone, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lexington | Boone |
|---|---|---|
| Housing Index | 95.0 | 85.0 |
| Median Home Price | $275,000 | $300,000 |
| Average Rent (2 BR Apartment) | $1350 | $1200 |
| Average Rent (2 BR House) | $1360 | $1360 |
Housing Comparison: Lexington vs Boone
- The median home price in Boone is higher at $300,000, compared to $275,000 in Lexington.
- Renting a two-bedroom apartment costs more in Lexington at $1,350 than in Boone 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 | Lexington | Boone |
|---|---|---|
| Electricity Price | $12.87 | $13.72 |
| Natural Gas Price | $22.78 | $Data is updating |
| Other Utilities | $230 | $150 |
Utilities Comparison: Lexington vs Boone
- Boone has higher electricity costs at $13.72 per kWh, versus $12.87 in Lexington.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Lexington at an average of $230, compared to Boone with $150.