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.