Cost of Living: Marshall, TX vs Independence, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Marshall | Independence |
|---|---|---|
| Housing Index | 98.2 | 89.1 |
| Median Home Price | $187,000 | $182,500 |
| Average Rent (2 BR Apartment) | $920 | $1058 |
| Average Rent (2 BR House) | $1000 | $1150 |
Housing Comparison: Marshall vs Independence
- In Marshall, the median home price is higher at $187,000, while in Independence it is $182,500.
- Renting a two-bedroom apartment costs more in Marshall at $920 than in Independence at $1,058.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Marshall | Independence |
|---|---|---|
| Electricity Price | $14.47 | $14.64 |
| Natural Gas Price | $26.29 | $23.25 |
| Other Utilities | $235 | $234 |
Utilities Comparison: Marshall vs Independence
- Independence has higher electricity costs at $14.64 per kWh, versus $14.47 in Marshall.
- Natural gas is more expensive in Marshall at $26.29 per unit, while it is cheaper at $23.25 in Independence.
- Other utility costs are higher in Marshall at an average of $235, compared to Independence with $234.