Cost of Living: Columbia, MD vs Wilmington, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Columbia | Wilmington |
|---|---|---|
| Housing Index | 125.0 | 110.0 |
| Median Home Price | $470,000 | $320,000 |
| Average Rent (2 BR Apartment) | $2200 | $1500 |
| Average Rent (2 BR House) | $2240 | $1600 |
Housing Comparison: Columbia vs Wilmington
- In Columbia, the median home price is higher at $470,000, while in Wilmington it is $320,000.
- Renting a two-bedroom apartment costs more in Columbia at $2,200 than in Wilmington at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Columbia | Wilmington |
|---|---|---|
| Electricity Price | $17.41 | $13.72 |
| Natural Gas Price | $18.44 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Columbia vs Wilmington
- Electricity costs are higher in Columbia at $17.41 per kWh, compared to $13.72 in Wilmington.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Columbia and Wilmington averaging $250.