Cost of Living: Springfield, IL vs Ripley, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Springfield | Ripley |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $198,000 | $158,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1300 | $1360 |
Housing Comparison: Springfield vs Ripley
- In Springfield, the median home price is higher at $198,000, while in Ripley it is $158,000.
- The rent for a two-bedroom apartment is equal in both Springfield and Ripley 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 | Springfield | Ripley |
|---|---|---|
| Electricity Price | $16.15 | $12.57 |
| Natural Gas Price | $16.59 | $12.35 |
| Other Utilities | $250 | $220 |
Utilities Comparison: Springfield vs Ripley
- Electricity costs are higher in Springfield at $16.15 per kWh, compared to $12.57 in Ripley.
- Natural gas is more expensive in Springfield at $16.59 per unit, while it is cheaper at $12.35 in Ripley.
- Other utility costs are higher in Springfield at an average of $250, compared to Ripley with $220.