Cost of Living: Red bay, AL vs Siloam springs, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red bay | Siloam springs |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $167,000 | $245,000 |
| Average Rent (2 BR Apartment) | $960 | $800 |
| Average Rent (2 BR House) | $992 | $850 |
Housing Comparison: Red bay vs Siloam springs
- The median home price in Siloam springs is higher at $245,000, compared to $167,000 in Red bay.
- Renting a two-bedroom apartment costs more in Red bay at $960 than in Siloam springs at $800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Red bay | Siloam springs |
|---|---|---|
| Electricity Price | $15.03 | $12.36 |
| Natural Gas Price | $21.76 | $17.08 |
| Other Utilities | $220 | $200 |
Utilities Comparison: Red bay vs Siloam springs
- Electricity costs are higher in Red bay at $15.03 per kWh, compared to $12.36 in Siloam springs.
- Natural gas is more expensive in Red bay at $21.76 per unit, while it is cheaper at $17.08 in Siloam springs.
- Other utility costs are higher in Red bay at an average of $220, compared to Siloam springs with $200.