Cost of Living: Lynn, MA vs Covington, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lynn | Covington |
|---|---|---|
| Housing Index | 125.0 | 115.0 |
| Median Home Price | $476,800 | $215,000 |
| Average Rent (2 BR Apartment) | $2400 | $1200 |
| Average Rent (2 BR House) | $2496 | $1250 |
Housing Comparison: Lynn vs Covington
- In Lynn, the median home price is higher at $476,800, while in Covington it is $215,000.
- Renting a two-bedroom apartment costs more in Lynn at $2,400 than in Covington 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 | Lynn | Covington |
|---|---|---|
| Electricity Price | $28.15 | $12.87 |
| Natural Gas Price | $21.62 | $22.78 |
| Other Utilities | $280 | $250 |
Utilities Comparison: Lynn vs Covington
- Electricity costs are higher in Lynn at $28.15 per kWh, compared to $12.87 in Covington.
- Covington experiences higher natural gas costs at $22.78 per unit, with costs at $21.62 in Lynn.
- Other utility costs are higher in Lynn at an average of $280, compared to Covington with $250.