Cost of Living: Lexington, KY vs Siloam springs, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lexington | Siloam springs |
|---|---|---|
| Housing Index | 100 | 90.5 |
| Median Home Price | $275,000 | $245,000 |
| Average Rent (2 BR Apartment) | $1372 | $1189 |
| Average Rent (2 BR House) | $1491 | $1292 |
Housing Comparison: Lexington vs Siloam springs
- In Lexington, the median home price is higher at $275,000, while in Siloam springs it is $245,000.
- Renting a two-bedroom apartment costs more in Lexington at $1,372 than in Siloam springs at $1,189.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lexington | Siloam springs |
|---|---|---|
| Electricity Price | $12.87 | $12.36 |
| Natural Gas Price | $22.78 | $17.08 |
| Other Utilities | $225 | $200 |
Utilities Comparison: Lexington vs Siloam springs
- Electricity costs are higher in Lexington at $12.87 per kWh, compared to $12.36 in Siloam springs.
- Natural gas is more expensive in Lexington at $22.78 per unit, while it is cheaper at $17.08 in Siloam springs.
- Other utility costs are higher in Lexington at an average of $225, compared to Siloam springs with $200.