Cost of Living: Memphis, TN vs New roads, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Memphis | New roads |
|---|---|---|
| Housing Index | 87.5 | Data is updating |
| Median Home Price | $185,000 | $135,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1256 | $Data is updating |
Housing Comparison: Memphis vs New roads
- In Memphis, the median home price is higher at $185,000, while in New roads it is $135,000.
- The rent for a two-bedroom apartment is equal in both Memphis and New roads 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 | New roads |
|---|---|---|
| Electricity Price | $12.57 | $11.42 |
| Natural Gas Price | $12.35 | $19.48 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Memphis vs New roads
- Electricity costs are higher in Memphis at $12.57 per kWh, compared to $11.42 in New roads.
- New roads experiences higher natural gas costs at $19.48 per unit, with costs at $12.35 in Memphis.
- Utility expenses are equal in both Memphis and New roads averaging $200.