Cost of Living: Beverly, MA vs Tempe, AZ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Beverly | Tempe |
|---|---|---|
| Housing Index | 125.0 | 115.5 |
| Median Home Price | $647,000 | $405,000 |
| Average Rent (2 BR Apartment) | $2400 | $1800 |
| Average Rent (2 BR House) | $2450 | $1870 |
Housing Comparison: Beverly vs Tempe
- In Beverly, the median home price is higher at $647,000, while in Tempe it is $405,000.
- Renting a two-bedroom apartment costs more in Beverly at $2,400 than in Tempe 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 | Beverly | Tempe |
|---|---|---|
| Electricity Price | $28.15 | $15.14 |
| Natural Gas Price | $21.62 | $23.51 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Beverly vs Tempe
- Electricity costs are higher in Beverly at $28.15 per kWh, compared to $15.14 in Tempe.
- Tempe experiences higher natural gas costs at $23.51 per unit, with costs at $21.62 in Beverly.
- Utility expenses are equal in both Beverly and Tempe averaging $250.