Cost of Living: Lucedale, MS vs Franklin, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lucedale | Franklin |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $162,000 | $245,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1272 |
Housing Comparison: Lucedale vs Franklin
- The median home price in Franklin is higher at $245,000, compared to $162,000 in Lucedale.
- The rent for a two-bedroom apartment is equal in both Lucedale and Franklin 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 | Lucedale | Franklin |
|---|---|---|
| Electricity Price | $13.42 | $14.89 |
| Natural Gas Price | $22.19 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Lucedale vs Franklin
- Franklin has higher electricity costs at $14.89 per kWh, versus $13.42 in Lucedale.
- Natural gas price data is currently unavailable.
- Franklin has higher utility expenses, averaging $250, while Lucedale averages $200.