Cost of Living: Royal, AR vs Madisonville, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Royal | Madisonville |
|---|---|---|
| Housing Index | Data is updating | 80.0 |
| Median Home Price | $203,000 | $159,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $800 |
| Average Rent (2 BR House) | $Data is updating | $850 |
Housing Comparison: Royal vs Madisonville
- In Royal, the median home price is higher at $203,000, while in Madisonville it is $159,000.
- The rent for a two-bedroom apartment is equal in both Royal and Madisonville at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Royal | Madisonville |
|---|---|---|
| Electricity Price | $12.36 | $12.87 |
| Natural Gas Price | $17.08 | $22.78 |
| Other Utilities | $Data is updating | $200 |
Utilities Comparison: Royal vs Madisonville
- Madisonville has higher electricity costs at $12.87 per kWh, versus $12.36 in Royal.
- Madisonville experiences higher natural gas costs at $22.78 per unit, with costs at $17.08 in Royal.
- Utility expenses are equal in both Royal and Madisonville averaging $0.0.