Cost of Living: Cabot, AR vs Medford, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Cabot | Medford |
|---|---|---|
| Housing Index | 90.0 | 120.0 |
| Median Home Price | $217,500 | $482,000 |
| Average Rent (2 BR Apartment) | $1200 | $2500 |
| Average Rent (2 BR House) | $1245 | $2350 |
Housing Comparison: Cabot vs Medford
- The median home price in Medford is higher at $482,000, compared to $217,500 in Cabot.
- In Medford, the rental for a two-bedroom apartment stands at $2,500, while it is $1,200 in Cabot.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Cabot | Medford |
|---|---|---|
| Electricity Price | $12.36 | $28.15 |
| Natural Gas Price | $17.08 | $21.62 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Cabot vs Medford
- Medford has higher electricity costs at $28.15 per kWh, versus $12.36 in Cabot.
- Medford experiences higher natural gas costs at $21.62 per unit, with costs at $17.08 in Cabot.
- Medford has higher utility expenses, averaging $250, while Cabot averages $200.