Cost of Living: Siloam springs, AR vs Rockwood, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Siloam springs | Rockwood |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $245,000 | $190,000 |
| Average Rent (2 BR Apartment) | $800 | $1200 |
| Average Rent (2 BR House) | $850 | $1040 |
Housing Comparison: Siloam springs vs Rockwood
- In Siloam springs, the median home price is higher at $245,000, while in Rockwood it is $190,000.
- Renting a two-bedroom apartment costs more in Siloam springs at $800 than in Rockwood 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 | Siloam springs | Rockwood |
|---|---|---|
| Electricity Price | $12.36 | $12.57 |
| Natural Gas Price | $17.08 | $12.35 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Siloam springs vs Rockwood
- Rockwood has higher electricity costs at $12.57 per kWh, versus $12.36 in Siloam springs.
- Natural gas is more expensive in Siloam springs at $17.08 per unit, while it is cheaper at $12.35 in Rockwood.
- Utility expenses are equal in both Siloam springs and Rockwood averaging $200.