Cost of Living: Springfield, IL vs Lexington, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Springfield | Lexington |
|---|---|---|
| Housing Index | 90.0 | 95.0 |
| Median Home Price | $198,000 | $275,000 |
| Average Rent (2 BR Apartment) | $1200 | $1350 |
| Average Rent (2 BR House) | $1300 | $1360 |
Housing Comparison: Springfield vs Lexington
- The median home price in Lexington is higher at $275,000, compared to $198,000 in Springfield.
- In Lexington, the rental for a two-bedroom apartment stands at $1,350, while it is $1,200 in Springfield.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Springfield | Lexington |
|---|---|---|
| Electricity Price | $16.15 | $12.87 |
| Natural Gas Price | $16.59 | $22.78 |
| Other Utilities | $250 | $230 |
Utilities Comparison: Springfield vs Lexington
- Electricity costs are higher in Springfield at $16.15 per kWh, compared to $12.87 in Lexington.
- Lexington experiences higher natural gas costs at $22.78 per unit, with costs at $16.59 in Springfield.
- Other utility costs are higher in Springfield at an average of $250, compared to Lexington with $230.