Cost of Living: Memphis, TN vs Huntington, WV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Memphis | Huntington |
|---|---|---|
| Housing Index | 87.5 | 85.0 |
| Median Home Price | $185,000 | $140,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1256 | $1360 |
Housing Comparison: Memphis vs Huntington
- In Memphis, the median home price is higher at $185,000, while in Huntington it is $140,000.
- The rent for a two-bedroom apartment is equal in both Memphis and Huntington 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 | Huntington |
|---|---|---|
| Electricity Price | $12.57 | $15.48 |
| Natural Gas Price | $12.35 | $23.05 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Memphis vs Huntington
- Huntington has higher electricity costs at $15.48 per kWh, versus $12.57 in Memphis.
- Huntington experiences higher natural gas costs at $23.05 per unit, with costs at $12.35 in Memphis.
- Huntington has higher utility expenses, averaging $250, while Memphis averages $200.