Cost of Living: Ripley, TN vs Lakewood, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ripley | Lakewood |
|---|---|---|
| Housing Index | 85.0 | 115.0 |
| Median Home Price | $158,000 | $568,000 |
| Average Rent (2 BR Apartment) | $1200 | $2100 |
| Average Rent (2 BR House) | $1360 | $2145 |
Housing Comparison: Ripley vs Lakewood
- The median home price in Lakewood is higher at $568,000, compared to $158,000 in Ripley.
- In Lakewood, the rental for a two-bedroom apartment stands at $2,100, while it is $1,200 in Ripley.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Ripley | Lakewood |
|---|---|---|
| Electricity Price | $12.57 | $15.21 |
| Natural Gas Price | $12.35 | $11.3 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Ripley vs Lakewood
- Lakewood has higher electricity costs at $15.21 per kWh, versus $12.57 in Ripley.
- Natural gas is more expensive in Ripley at $12.35 per unit, while it is cheaper at $11.3 in Lakewood.
- Lakewood has higher utility expenses, averaging $250, while Ripley averages $220.