Cost of Living: Tipton, MO vs Benton, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Tipton | Benton |
|---|---|---|
| Housing Index | 75.0 | 90.0 |
| Median Home Price | $145,000 | $196,000 |
| Average Rent (2 BR Apartment) | $960 | $1200 |
| Average Rent (2 BR House) | $960 | $1280 |
Housing Comparison: Tipton vs Benton
- The median home price in Benton is higher at $196,000, compared to $145,000 in Tipton.
- Renting a two-bedroom apartment costs more in Tipton at $960 than in Benton 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 | Tipton | Benton |
|---|---|---|
| Electricity Price | $14.64 | $12.36 |
| Natural Gas Price | $23.25 | $17.08 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Tipton vs Benton
- Electricity costs are higher in Tipton at $14.64 per kWh, compared to $12.36 in Benton.
- Natural gas is more expensive in Tipton at $23.25 per unit, while it is cheaper at $17.08 in Benton.
- Benton has higher utility expenses, averaging $250, while Tipton averages $200.