Cost of Living: Lexington, KY vs Salem, OR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lexington | Salem |
|---|---|---|
| Housing Index | 95.0 | 110.0 |
| Median Home Price | $275,000 | $415,000 |
| Average Rent (2 BR Apartment) | $1350 | $1800 |
| Average Rent (2 BR House) | $1360 | $1840 |
Housing Comparison: Lexington vs Salem
- The median home price in Salem is higher at $415,000, compared to $275,000 in Lexington.
- In Salem, the rental for a two-bedroom apartment stands at $1,800, while it is $1,350 in Lexington.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lexington | Salem |
|---|---|---|
| Electricity Price | $12.87 | $15.12 |
| Natural Gas Price | $22.78 | $16.5 |
| Other Utilities | $230 | $250 |
Utilities Comparison: Lexington vs Salem
- Salem has higher electricity costs at $15.12 per kWh, versus $12.87 in Lexington.
- Natural gas is more expensive in Lexington at $22.78 per unit, while it is cheaper at $16.5 in Salem.
- Salem has higher utility expenses, averaging $250, while Lexington averages $230.