Cost of Living: Russell springs, KY vs Erwin, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Russell springs | Erwin |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $150,000 | $228,000 |
| Average Rent (2 BR Apartment) | $800 | $1150 |
| Average Rent (2 BR House) | $850 | $1200 |
Housing Comparison: Russell springs vs Erwin
- The median home price in Erwin is higher at $228,000, compared to $150,000 in Russell springs.
- Renting a two-bedroom apartment costs more in Russell springs at $800 than in Erwin at $1,150.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Russell springs | Erwin |
|---|---|---|
| Electricity Price | $12.87 | $12.57 |
| Natural Gas Price | $22.78 | $12.35 |
| Other Utilities | $200 | $220 |
Utilities Comparison: Russell springs vs Erwin
- Electricity costs are higher in Russell springs at $12.87 per kWh, compared to $12.57 in Erwin.
- Natural gas is more expensive in Russell springs at $22.78 per unit, while it is cheaper at $12.35 in Erwin.
- Erwin has higher utility expenses, averaging $220, while Russell springs averages $200.