Cost of Living: Memphis, TN vs Westerville, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Memphis | Westerville |
|---|---|---|
| Housing Index | 87.5 | 110.0 |
| Median Home Price | $185,000 | $305,000 |
| Average Rent (2 BR Apartment) | $1200 | $1400 |
| Average Rent (2 BR House) | $1256 | $1440 |
Housing Comparison: Memphis vs Westerville
- The median home price in Westerville is higher at $305,000, compared to $185,000 in Memphis.
- In Westerville, the rental for a two-bedroom apartment stands at $1,400, 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 | Westerville |
|---|---|---|
| Electricity Price | $12.57 | $15.92 |
| Natural Gas Price | $12.35 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Memphis vs Westerville
- Westerville has higher electricity costs at $15.92 per kWh, versus $12.57 in Memphis.
- Natural gas price data is currently unavailable.
- Westerville has higher utility expenses, averaging $250, while Memphis averages $200.