Cost of Living: Siloam springs, AR vs Rockwood, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Siloam springs | Rockwood |
|---|---|---|
| Housing Index | 90.5 | 98.5 |
| Median Home Price | $245,000 | $190,000 |
| Average Rent (2 BR Apartment) | $1189 | $1602 |
| Average Rent (2 BR House) | $1292 | $1741 |
Housing Comparison: Siloam springs vs Rockwood
- In Siloam springs, the median home price is higher at $245,000, while in Rockwood it is $190,000.
- In Rockwood, the rental for a two-bedroom apartment stands at $1,602, while it is $1,189 in Siloam springs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Siloam springs | Rockwood |
|---|---|---|
| Electricity Price | $12.36 | $12.57 |
| Natural Gas Price | $17.08 | $12.35 |
| Other Utilities | $200 | $238 |
Utilities Comparison: Siloam springs vs Rockwood
- Rockwood has higher electricity costs at $12.57 per kWh, versus $12.36 in Siloam springs.
- Natural gas is more expensive in Siloam springs at $17.08 per unit, while it is cheaper at $12.35 in Rockwood.
- Rockwood has higher utility expenses, averaging $238, while Siloam springs averages $200.