Cost of Living: Oak harbor, WA vs Memphis, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Oak harbor | Memphis |
|---|---|---|
| Housing Index | 120.0 | 87.5 |
| Median Home Price | $545,000 | $185,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1840 | $1256 |
Housing Comparison: Oak harbor vs Memphis
- In Oak harbor, the median home price is higher at $545,000, while in Memphis it is $185,000.
- Renting a two-bedroom apartment costs more in Oak harbor at $1,800 than in Memphis 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 | Oak harbor | Memphis |
|---|---|---|
| Electricity Price | $12.34 | $12.57 |
| Natural Gas Price | $18.14 | $12.35 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Oak harbor vs Memphis
- Memphis has higher electricity costs at $12.57 per kWh, versus $12.34 in Oak harbor.
- Natural gas is more expensive in Oak harbor at $18.14 per unit, while it is cheaper at $12.35 in Memphis.
- Other utility costs are higher in Oak harbor at an average of $250, compared to Memphis with $200.