Cost of Living: Southaven, MS vs Lanett, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Southaven | Lanett |
|---|---|---|
| Housing Index | 85.5 | Data is updating |
| Median Home Price | $251,000 | $195,000 |
| Average Rent (2 BR Apartment) | $1300 | $Data is updating |
| Average Rent (2 BR House) | $1365 | $Data is updating |
Housing Comparison: Southaven vs Lanett
- In Southaven, the median home price is higher at $251,000, while in Lanett it is $195,000.
- The rent for a two-bedroom apartment is equal in both Southaven and Lanett at $1,300.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Southaven | Lanett |
|---|---|---|
| Electricity Price | $13.42 | $15.03 |
| Natural Gas Price | $22.19 | $21.76 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Southaven vs Lanett
- Lanett has higher electricity costs at $15.03 per kWh, versus $13.42 in Southaven.
- Natural gas is more expensive in Southaven at $22.19 per unit, while it is cheaper at $21.76 in Lanett.
- Utility expenses are equal in both Southaven and Lanett averaging $200.