Cost of Living: Omaha, NE vs Covington, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Omaha | Covington |
|---|---|---|
| Housing Index | 92.0 | 85.0 |
| Median Home Price | $305,000 | $205,000 |
| Average Rent (2 BR Apartment) | $1100 | $1200 |
| Average Rent (2 BR House) | $1200 | $1000 |
Housing Comparison: Omaha vs Covington
- In Omaha, the median home price is higher at $305,000, while in Covington it is $205,000.
- In Covington, the rental for a two-bedroom apartment stands at $1,200, while it is $1,100 in Omaha.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Omaha | Covington |
|---|---|---|
| Electricity Price | $12.92 | $12.57 |
| Natural Gas Price | $13.89 | $12.35 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Omaha vs Covington
- Electricity costs are higher in Omaha at $12.92 per kWh, compared to $12.57 in Covington.
- Natural gas is more expensive in Omaha at $13.89 per unit, while it is cheaper at $12.35 in Covington.
- Utility expenses are equal in both Omaha and Covington averaging $200.