Cost of Living: Memphis, TN vs Elizabethtown, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Memphis | Elizabethtown |
|---|---|---|
| Housing Index | 87.5 | 70.0 |
| Median Home Price | $185,000 | $212,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1256 | $1360 |
Housing Comparison: Memphis vs Elizabethtown
- The median home price in Elizabethtown is higher at $212,000, compared to $185,000 in Memphis.
- The rent for a two-bedroom apartment is equal in both Memphis and Elizabethtown 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 | Elizabethtown |
|---|---|---|
| Electricity Price | $12.57 | $12.87 |
| Natural Gas Price | $12.35 | $22.78 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Memphis vs Elizabethtown
- Elizabethtown has higher electricity costs at $12.87 per kWh, versus $12.57 in Memphis.
- Elizabethtown experiences higher natural gas costs at $22.78 per unit, with costs at $12.35 in Memphis.
- Utility expenses are equal in both Memphis and Elizabethtown averaging $200.