Cost of Living: Mckinney, TX vs Red bay, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Mckinney | Red bay |
|---|---|---|
| Housing Index | 95.0 | 90.0 |
| Median Home Price | $360,000 | $167,000 |
| Average Rent (2 BR Apartment) | $1800 | $960 |
| Average Rent (2 BR House) | $1900 | $992 |
Housing Comparison: Mckinney vs Red bay
- In Mckinney, the median home price is higher at $360,000, while in Red bay it is $167,000.
- In Red bay, the rental for a two-bedroom apartment stands at $960, while it is $1,800 in Mckinney.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Mckinney | Red bay |
|---|---|---|
| Electricity Price | $14.47 | $15.03 |
| Natural Gas Price | $26.29 | $21.76 |
| Other Utilities | $200 | $220 |
Utilities Comparison: Mckinney vs Red bay
- Red bay has higher electricity costs at $15.03 per kWh, versus $14.47 in Mckinney.
- Natural gas is more expensive in Mckinney at $26.29 per unit, while it is cheaper at $21.76 in Red bay.
- Red bay has higher utility expenses, averaging $220, while Mckinney averages $200.