Cost of Living: Memphis, TN vs Oakley, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Memphis | Oakley |
|---|---|---|
| Housing Index | 87.5 | 115.0 |
| Median Home Price | $185,000 | $558,000 |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1256 | $2450 |
Housing Comparison: Memphis vs Oakley
- The median home price in Oakley is higher at $558,000, compared to $185,000 in Memphis.
- In Oakley, the rental for a two-bedroom apartment stands at $2,400, while it is $1,200 in Memphis.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Memphis | Oakley |
|---|---|---|
| Electricity Price | $12.57 | $32.99 |
| Natural Gas Price | $12.35 | $16.99 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Memphis vs Oakley
- Oakley has higher electricity costs at $32.99 per kWh, versus $12.57 in Memphis.
- Oakley experiences higher natural gas costs at $16.99 per unit, with costs at $12.35 in Memphis.
- Oakley has higher utility expenses, averaging $250, while Memphis averages $200.