Cost of Living: Springfield, MO vs Loretto, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Springfield | Loretto |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $215,000 | $175,000 |
| Average Rent (2 BR Apartment) | $900 | $Data is updating |
| Average Rent (2 BR House) | $960 | $Data is updating |
Housing Comparison: Springfield vs Loretto
- In Springfield, the median home price is higher at $215,000, while in Loretto it is $175,000.
- The rent for a two-bedroom apartment is equal in both Springfield and Loretto at $900.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Springfield | Loretto |
|---|---|---|
| Electricity Price | $14.64 | $12.87 |
| Natural Gas Price | $23.25 | $22.78 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Springfield vs Loretto
- Electricity costs are higher in Springfield at $14.64 per kWh, compared to $12.87 in Loretto.
- Natural gas is more expensive in Springfield at $23.25 per unit, while it is cheaper at $22.78 in Loretto.
- Utility expenses are equal in both Springfield and Loretto averaging $200.