Cost of Living: Richmond, MI vs Schenectady, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Schenectady |
|---|---|---|
| Housing Index | Data is updating | 115.0 |
| Median Home Price | $152,000 | $247,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1600 |
| Average Rent (2 BR House) | $Data is updating | $1650 |
Housing Comparison: Richmond vs Schenectady
- The median home price in Schenectady is higher at $247,000, compared to $152,000 in Richmond.
- The rent for a two-bedroom apartment is equal in both Richmond and Schenectady at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richmond | Schenectady |
|---|---|---|
| Electricity Price | $19.88 | $26.08 |
| Natural Gas Price | $15.42 | $18.13 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Richmond vs Schenectady
- Schenectady has higher electricity costs at $26.08 per kWh, versus $19.88 in Richmond.
- Schenectady experiences higher natural gas costs at $18.13 per unit, with costs at $15.42 in Richmond.
- Utility expenses are equal in both Richmond and Schenectady averaging $0.0.