Cost of Living: Benton, AR vs Richland, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Benton | Richland |
|---|---|---|
| Housing Index | 90.0 | 95.0 |
| Median Home Price | $196,000 | $176,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1360 |
Housing Comparison: Benton vs Richland
- In Benton, the median home price is higher at $196,000, while in Richland it is $176,000.
- The rent for a two-bedroom apartment is equal in both Benton and Richland at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Benton | Richland |
|---|---|---|
| Electricity Price | $12.36 | $13.42 |
| Natural Gas Price | $17.08 | $22.19 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Benton vs Richland
- Richland has higher electricity costs at $13.42 per kWh, versus $12.36 in Benton.
- Richland experiences higher natural gas costs at $22.19 per unit, with costs at $17.08 in Benton.
- Utility expenses are equal in both Benton and Richland averaging $250.