Cost of Living: Red bay, AL vs Lake view, SC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red bay | Lake view |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $167,000 | $Data is updating |
| Average Rent (2 BR Apartment) | $960 | $Data is updating |
| Average Rent (2 BR House) | $992 | $Data is updating |
Housing Comparison: Red bay vs Lake view
- In Red bay, the median home price is higher at $167,000, while in Lake view it is $0.
- The rent for a two-bedroom apartment is equal in both Red bay and Lake view at $960.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Red bay | Lake view |
|---|---|---|
| Electricity Price | $15.03 | $14.18 |
| Natural Gas Price | $21.76 | $23.51 |
| Other Utilities | $220 | $Data is updating |
Utilities Comparison: Red bay vs Lake view
- Electricity costs are higher in Red bay at $15.03 per kWh, compared to $14.18 in Lake view.
- Lake view experiences higher natural gas costs at $23.51 per unit, with costs at $21.76 in Red bay.
- Utility expenses are equal in both Red bay and Lake view averaging $220.