Cost of Living: Memphis, TN vs Clarksville, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Memphis | Clarksville |
|---|---|---|
| Housing Index | 87.5 | 90.0 |
| Median Home Price | $185,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1256 | $1360 |
Housing Comparison: Memphis vs Clarksville
- In Memphis, the median home price is higher at $185,000, while in Clarksville it is $155,000.
- The rent for a two-bedroom apartment is equal in both Memphis and Clarksville 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 | Memphis | Clarksville |
|---|---|---|
| Electricity Price | $12.57 | $12.36 |
| Natural Gas Price | $12.35 | $17.08 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Memphis vs Clarksville
- Electricity costs are higher in Memphis at $12.57 per kWh, compared to $12.36 in Clarksville.
- Clarksville experiences higher natural gas costs at $17.08 per unit, with costs at $12.35 in Memphis.
- Clarksville has higher utility expenses, averaging $250, while Memphis averages $200.