Cost of Living: Red bay, AL vs Paris, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red bay | Paris |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $167,000 | $196,000 |
| Average Rent (2 BR Apartment) | $960 | $1200 |
| Average Rent (2 BR House) | $992 | $1280 |
Housing Comparison: Red bay vs Paris
- The median home price in Paris is higher at $196,000, compared to $167,000 in Red bay.
- Renting a two-bedroom apartment costs more in Red bay at $960 than in Paris 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 | Red bay | Paris |
|---|---|---|
| Electricity Price | $15.03 | $12.87 |
| Natural Gas Price | $21.76 | $22.78 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Red bay vs Paris
- Electricity costs are higher in Red bay at $15.03 per kWh, compared to $12.87 in Paris.
- Paris experiences higher natural gas costs at $22.78 per unit, with costs at $21.76 in Red bay.
- Paris has higher utility expenses, averaging $250, while Red bay averages $220.