Cost of Living: Lubbock, TX vs Benton, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lubbock | Benton |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $232,000 | $196,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1280 |
Housing Comparison: Lubbock vs Benton
- In Lubbock, the median home price is higher at $232,000, while in Benton it is $196,000.
- The rent for a two-bedroom apartment is equal in both Lubbock and Benton 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 | Lubbock | Benton |
|---|---|---|
| Electricity Price | $14.47 | $12.36 |
| Natural Gas Price | $26.29 | $17.08 |
| Other Utilities | $260 | $250 |
Utilities Comparison: Lubbock vs Benton
- Electricity costs are higher in Lubbock at $14.47 per kWh, compared to $12.36 in Benton.
- Natural gas is more expensive in Lubbock at $26.29 per unit, while it is cheaper at $17.08 in Benton.
- Other utility costs are higher in Lubbock at an average of $260, compared to Benton with $250.