Cost of Living: Alcoa, TN vs Southlake, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Alcoa | Southlake |
|---|---|---|
| Housing Index | 98.5 | 145.0 |
| Median Home Price | $262,000 | $668,000 |
| Average Rent (2 BR Apartment) | $1750 | $4738 |
| Average Rent (2 BR House) | $1902 | $5150 |
Housing Comparison: Alcoa vs Southlake
- The median home price in Southlake is higher at $668,000, compared to $262,000 in Alcoa.
- In Southlake, the rental for a two-bedroom apartment stands at $4,738, while it is $1,750 in Alcoa.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Alcoa | Southlake |
|---|---|---|
| Electricity Price | $12.57 | $14.47 |
| Natural Gas Price | $12.35 | $26.29 |
| Other Utilities | $238 | $250 |
Utilities Comparison: Alcoa vs Southlake
- Southlake has higher electricity costs at $14.47 per kWh, versus $12.57 in Alcoa.
- Southlake experiences higher natural gas costs at $26.29 per unit, with costs at $12.35 in Alcoa.
- Southlake has higher utility expenses, averaging $250, while Alcoa averages $238.