Cost of Living: Memphis, TN vs Ontario, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Memphis | Ontario |
|---|---|---|
| Housing Index | 87.5 | 125.0 |
| Median Home Price | $185,000 | $564,300 |
| Average Rent (2 BR Apartment) | $1200 | $2300 |
| Average Rent (2 BR House) | $1256 | $2400 |
Housing Comparison: Memphis vs Ontario
- The median home price in Ontario is higher at $564,300, compared to $185,000 in Memphis.
- In Ontario, the rental for a two-bedroom apartment stands at $2,300, 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 | Ontario |
|---|---|---|
| Electricity Price | $12.57 | $32.99 |
| Natural Gas Price | $12.35 | $16.99 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Memphis vs Ontario
- Ontario has higher electricity costs at $32.99 per kWh, versus $12.57 in Memphis.
- Ontario experiences higher natural gas costs at $16.99 per unit, with costs at $12.35 in Memphis.
- Ontario has higher utility expenses, averaging $250, while Memphis averages $200.