Cost of Living: Waco, TX vs Lanett, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Waco | Lanett |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $215,000 | $195,000 |
| Average Rent (2 BR Apartment) | $1350 | $Data is updating |
| Average Rent (2 BR House) | $1400 | $Data is updating |
Housing Comparison: Waco vs Lanett
- In Waco, the median home price is higher at $215,000, while in Lanett it is $195,000.
- The rent for a two-bedroom apartment is equal in both Waco and Lanett at $1,350.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Waco | Lanett |
|---|---|---|
| Electricity Price | $14.47 | $15.03 |
| Natural Gas Price | $26.29 | $21.76 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Waco vs Lanett
- Lanett has higher electricity costs at $15.03 per kWh, versus $14.47 in Waco.
- Natural gas is more expensive in Waco at $26.29 per unit, while it is cheaper at $21.76 in Lanett.
- Utility expenses are equal in both Waco and Lanett averaging $250.