Cost of Living: Banning, CA vs Peoria, AZ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Banning | Peoria |
|---|---|---|
| Housing Index | 110.0 | 110.0 |
| Median Home Price | $420,000 | $397,500 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $1828 | $1840 |
Housing Comparison: Banning vs Peoria
- In Banning, the median home price is higher at $420,000, while in Peoria it is $397,500.
- The rent for a two-bedroom apartment is equal in both Banning and Peoria at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Banning | Peoria |
|---|---|---|
| Electricity Price | $32.99 | $15.14 |
| Natural Gas Price | $16.99 | $23.51 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Banning vs Peoria
- Electricity costs are higher in Banning at $32.99 per kWh, compared to $15.14 in Peoria.
- Peoria experiences higher natural gas costs at $23.51 per unit, with costs at $16.99 in Banning.
- Utility expenses are equal in both Banning and Peoria averaging $250.