Cost of Living: Madisonville, TX vs West memphis, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madisonville | West memphis |
|---|---|---|
| Housing Index | 98.2 | 86.4 |
| Median Home Price | $204,000 | $124,000 |
| Average Rent (2 BR Apartment) | $1563 | $1228 |
| Average Rent (2 BR House) | $1699 | $1335 |
Housing Comparison: Madisonville vs West memphis
- In Madisonville, the median home price is higher at $204,000, while in West memphis it is $124,000.
- Renting a two-bedroom apartment costs more in Madisonville at $1,563 than in West memphis at $1,228.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Madisonville | West memphis |
|---|---|---|
| Electricity Price | $14.47 | $12.36 |
| Natural Gas Price | $26.29 | $17.08 |
| Other Utilities | $235 | $208 |
Utilities Comparison: Madisonville vs West memphis
- Electricity costs are higher in Madisonville at $14.47 per kWh, compared to $12.36 in West memphis.
- Natural gas is more expensive in Madisonville at $26.29 per unit, while it is cheaper at $17.08 in West memphis.
- Other utility costs are higher in Madisonville at an average of $235, compared to West memphis with $208.