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.