Cost of Living: Nevada, MO vs West memphis, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Nevada | West memphis |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $160,000 | $124,000 |
| Average Rent (2 BR Apartment) | $800 | $800 |
| Average Rent (2 BR House) | $850 | $856 |
Housing Comparison: Nevada vs West memphis
- In Nevada, the median home price is higher at $160,000, while in West memphis it is $124,000.
- The rent for a two-bedroom apartment is equal in both Nevada and West memphis at $800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Nevada | West memphis |
|---|---|---|
| Electricity Price | $14.64 | $12.36 |
| Natural Gas Price | $23.25 | $17.08 |
| Other Utilities | $200 | $150 |
Utilities Comparison: Nevada vs West memphis
- Electricity costs are higher in Nevada at $14.64 per kWh, compared to $12.36 in West memphis.
- Natural gas is more expensive in Nevada at $23.25 per unit, while it is cheaper at $17.08 in West memphis.
- Other utility costs are higher in Nevada at an average of $200, compared to West memphis with $150.