Cost of Living: Springfield, KY vs Reno, NV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Springfield | Reno |
|---|---|---|
| Housing Index | 85.0 | 120.0 |
| Median Home Price | $182,000 | $458,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1600 | $1900 |
Housing Comparison: Springfield vs Reno
- The median home price in Reno is higher at $458,000, compared to $182,000 in Springfield.
- In Reno, the rental for a two-bedroom apartment stands at $1,800, 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 | Reno |
|---|---|---|
| Electricity Price | $12.87 | $15.5 |
| Natural Gas Price | $22.78 | $20.66 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Springfield vs Reno
- Reno has higher electricity costs at $15.5 per kWh, versus $12.87 in Springfield.
- Natural gas is more expensive in Springfield at $22.78 per unit, while it is cheaper at $20.66 in Reno.
- Utility expenses are equal in both Springfield and Reno averaging $250.