Cost of Living: Memphis, TN vs Shedd, OR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Memphis | Shedd |
|---|---|---|
| Housing Index | 87.5 | Data is updating |
| Median Home Price | $185,000 | $297,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1256 | $Data is updating |
Housing Comparison: Memphis vs Shedd
- The median home price in Shedd is higher at $297,000, compared to $185,000 in Memphis.
- The rent for a two-bedroom apartment is equal in both Memphis and Shedd 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 | Shedd |
|---|---|---|
| Electricity Price | $12.57 | $15.12 |
| Natural Gas Price | $12.35 | $16.5 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Memphis vs Shedd
- Shedd has higher electricity costs at $15.12 per kWh, versus $12.57 in Memphis.
- Shedd experiences higher natural gas costs at $16.5 per unit, with costs at $12.35 in Memphis.
- Utility expenses are equal in both Memphis and Shedd averaging $200.