Cost of Living: Beverly, MA vs Radford, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Beverly | Radford |
|---|---|---|
| Housing Index | 125.0 | 90.0 |
| Median Home Price | $647,000 | $205,000 |
| Average Rent (2 BR Apartment) | $2400 | $1200 |
| Average Rent (2 BR House) | $2450 | $1360 |
Housing Comparison: Beverly vs Radford
- In Beverly, the median home price is higher at $647,000, while in Radford it is $205,000.
- Renting a two-bedroom apartment costs more in Beverly at $2,400 than in Radford 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 | Beverly | Radford |
|---|---|---|
| Electricity Price | $28.15 | $15.31 |
| Natural Gas Price | $21.62 | $19.91 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Beverly vs Radford
- Electricity costs are higher in Beverly at $28.15 per kWh, compared to $15.31 in Radford.
- Natural gas is more expensive in Beverly at $21.62 per unit, while it is cheaper at $19.91 in Radford.
- Utility expenses are equal in both Beverly and Radford averaging $250.