Cost of Living: Montgomery, AL vs Lancaster, SC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Montgomery | Lancaster |
|---|---|---|
| Housing Index | 89.0 | 90.0 |
| Median Home Price | $250,000 | $207,000 |
| Average Rent (2 BR Apartment) | $950 | $1410 |
| Average Rent (2 BR House) | $1000 | $1480 |
Housing Comparison: Montgomery vs Lancaster
- In Montgomery, the median home price is higher at $250,000, while in Lancaster it is $207,000.
- Renting a two-bedroom apartment costs more in Montgomery at $950 than in Lancaster at $1,410.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Montgomery | Lancaster |
|---|---|---|
| Electricity Price | $15.03 | $14.18 |
| Natural Gas Price | $21.76 | $23.51 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Montgomery vs Lancaster
- Electricity costs are higher in Montgomery at $15.03 per kWh, compared to $14.18 in Lancaster.
- Lancaster experiences higher natural gas costs at $23.51 per unit, with costs at $21.76 in Montgomery.
- Lancaster has higher utility expenses, averaging $250, while Montgomery averages $220.