Cost of Living: Mckinney, TX vs Fort smith, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Mckinney | Fort smith |
|---|---|---|
| Housing Index | 95.0 | 85.0 |
| Median Home Price | $360,000 | $200,000 |
| Average Rent (2 BR Apartment) | $1800 | $1000 |
| Average Rent (2 BR House) | $1900 | $1200 |
Housing Comparison: Mckinney vs Fort smith
- In Mckinney, the median home price is higher at $360,000, while in Fort smith it is $200,000.
- Renting a two-bedroom apartment costs more in Mckinney at $1,800 than in Fort smith at $1,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Mckinney | Fort smith |
|---|---|---|
| Electricity Price | $14.47 | $12.36 |
| Natural Gas Price | $26.29 | $17.08 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Mckinney vs Fort smith
- Electricity costs are higher in Mckinney at $14.47 per kWh, compared to $12.36 in Fort smith.
- Natural gas is more expensive in Mckinney at $26.29 per unit, while it is cheaper at $17.08 in Fort smith.
- Utility expenses are equal in both Mckinney and Fort smith averaging $200.