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.