Cost of Living: Salt lake city, UT vs Troy, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Salt lake city | Troy |
|---|---|---|
| Housing Index | 125.0 | 95.0 |
| Median Home Price | $469,000 | $251,000 |
| Average Rent (2 BR Apartment) | $1750 | $1200 |
| Average Rent (2 BR House) | $1950 | $1400 |
Housing Comparison: Salt lake city vs Troy
- In Salt lake city, the median home price is higher at $469,000, while in Troy it is $251,000.
- Renting a two-bedroom apartment costs more in Salt lake city at $1,750 than in Troy 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 | Salt lake city | Troy |
|---|---|---|
| Electricity Price | $11.5 | $14.47 |
| Natural Gas Price | $14 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Salt lake city vs Troy
- Troy has higher electricity costs at $14.47 per kWh, versus $11.5 in Salt lake city.
- Troy experiences higher natural gas costs at $26.29 per unit, with costs at $14 in Salt lake city.
- Utility expenses are equal in both Salt lake city and Troy averaging $250.