Cost of Living: Wilmington, OH vs Memphis, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Wilmington | Memphis |
|---|---|---|
| Housing Index | 90.0 | 87.5 |
| Median Home Price | $200,000 | $185,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1250 | $1256 |
Housing Comparison: Wilmington vs Memphis
- In Wilmington, the median home price is higher at $200,000, while in Memphis it is $185,000.
- The rent for a two-bedroom apartment is equal in both Wilmington and 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 | Wilmington | Memphis |
|---|---|---|
| Electricity Price | $15.92 | $12.57 |
| Natural Gas Price | $Data is updating | $12.35 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Wilmington vs Memphis
- Electricity costs are higher in Wilmington at $15.92 per kWh, compared to $12.57 in Memphis.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Wilmington and Memphis averaging $200.