Cost of Living: Memphis, TN vs Warren, VT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Memphis | Warren |
|---|---|---|
| Housing Index | 87.5 | 120.0 |
| Median Home Price | $185,000 | $266,000 |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1256 | $2300 |
Housing Comparison: Memphis vs Warren
- The median home price in Warren is higher at $266,000, compared to $185,000 in Memphis.
- In Warren, 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 | Warren |
|---|---|---|
| Electricity Price | $12.57 | $21.91 |
| Natural Gas Price | $12.35 | $18.28 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Memphis vs Warren
- Warren has higher electricity costs at $21.91 per kWh, versus $12.57 in Memphis.
- Warren experiences higher natural gas costs at $18.28 per unit, with costs at $12.35 in Memphis.
- Warren has higher utility expenses, averaging $250, while Memphis averages $200.