Cost of Living: Beverly, MA vs Warwick, RI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Beverly | Warwick |
|---|---|---|
| Housing Index | 125.0 | 115.0 |
| Median Home Price | $647,000 | $368,000 |
| Average Rent (2 BR Apartment) | $2400 | $2200 |
| Average Rent (2 BR House) | $2450 | $2240 |
Housing Comparison: Beverly vs Warwick
- In Beverly, the median home price is higher at $647,000, while in Warwick it is $368,000.
- Renting a two-bedroom apartment costs more in Beverly at $2,400 than in Warwick at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Beverly | Warwick |
|---|---|---|
| Electricity Price | $28.15 | $27.03 |
| Natural Gas Price | $21.62 | $21.52 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Beverly vs Warwick
- Electricity costs are higher in Beverly at $28.15 per kWh, compared to $27.03 in Warwick.
- Natural gas is more expensive in Beverly at $21.62 per unit, while it is cheaper at $21.52 in Warwick.
- Utility expenses are equal in both Beverly and Warwick averaging $250.