Cost of Living: Bangor, ME vs Riverhead, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Bangor | Riverhead |
|---|---|---|
| Housing Index | 110.5 | 140.0 |
| Median Home Price | $227,000 | $515,000 |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1300 | $2450 |
Housing Comparison: Bangor vs Riverhead
- The median home price in Riverhead is higher at $515,000, compared to $227,000 in Bangor.
- In Riverhead, the rental for a two-bedroom apartment stands at $2,400, while it is $1,200 in Bangor.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Bangor | Riverhead |
|---|---|---|
| Electricity Price | $22.26 | $26.08 |
| Natural Gas Price | $21.63 | $18.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Bangor vs Riverhead
- Riverhead has higher electricity costs at $26.08 per kWh, versus $22.26 in Bangor.
- Natural gas is more expensive in Bangor at $21.63 per unit, while it is cheaper at $18.13 in Riverhead.
- Utility expenses are equal in both Bangor and Riverhead averaging $250.