Cost of Living: Lexington, KY vs Earlham, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lexington | Earlham |
|---|---|---|
| Housing Index | 95.0 | 89.7 |
| Median Home Price | $275,000 | $215,000 |
| Average Rent (2 BR Apartment) | $1350 | $1100 |
| Average Rent (2 BR House) | $1360 | $1200 |
Housing Comparison: Lexington vs Earlham
- In Lexington, the median home price is higher at $275,000, while in Earlham it is $215,000.
- Renting a two-bedroom apartment costs more in Lexington at $1,350 than in Earlham at $1,100.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lexington | Earlham |
|---|---|---|
| Electricity Price | $12.87 | $14.82 |
| Natural Gas Price | $22.78 | $15.61 |
| Other Utilities | $230 | $250 |
Utilities Comparison: Lexington vs Earlham
- Earlham has higher electricity costs at $14.82 per kWh, versus $12.87 in Lexington.
- Natural gas is more expensive in Lexington at $22.78 per unit, while it is cheaper at $15.61 in Earlham.
- Earlham has higher utility expenses, averaging $250, while Lexington averages $230.