Cost of Living: Murray, KY vs Hickory, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Murray | Hickory |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $165,000 | $274,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1300 | $1325 |
Housing Comparison: Murray vs Hickory
- The median home price in Hickory is higher at $274,000, compared to $165,000 in Murray.
- The rent for a two-bedroom apartment is equal in both Murray and Hickory 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 | Murray | Hickory |
|---|---|---|
| Electricity Price | $12.87 | $13.72 |
| Natural Gas Price | $22.78 | $Data is updating |
| Other Utilities | $200 | $150 |
Utilities Comparison: Murray vs Hickory
- Hickory has higher electricity costs at $13.72 per kWh, versus $12.87 in Murray.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Murray at an average of $200, compared to Hickory with $150.