Cost of Living: Waukon, IA vs Memphis, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Waukon | Memphis |
|---|---|---|
| Housing Index | 85.0 | 87.5 |
| Median Home Price | $154,000 | $185,000 |
| Average Rent (2 BR Apartment) | $800 | $1200 |
| Average Rent (2 BR House) | $720 | $1256 |
Housing Comparison: Waukon vs Memphis
- The median home price in Memphis is higher at $185,000, compared to $154,000 in Waukon.
- Renting a two-bedroom apartment costs more in Waukon at $800 than in Memphis 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 | Waukon | Memphis |
|---|---|---|
| Electricity Price | $14.82 | $12.57 |
| Natural Gas Price | $15.61 | $12.35 |
| Other Utilities | $150 | $200 |
Utilities Comparison: Waukon vs Memphis
- Electricity costs are higher in Waukon at $14.82 per kWh, compared to $12.57 in Memphis.
- Natural gas is more expensive in Waukon at $15.61 per unit, while it is cheaper at $12.35 in Memphis.
- Memphis has higher utility expenses, averaging $200, while Waukon averages $150.