Cost of Living: Charleston, SC vs Medford, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Charleston | Medford |
|---|---|---|
| Housing Index | 120.5 | 120.0 |
| Median Home Price | $407,500 | $482,000 |
| Average Rent (2 BR Apartment) | $2200 | $2500 |
| Average Rent (2 BR House) | $2240 | $2350 |
Housing Comparison: Charleston vs Medford
- The median home price in Medford is higher at $482,000, compared to $407,500 in Charleston.
- In Medford, the rental for a two-bedroom apartment stands at $2,500, while it is $2,200 in Charleston.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Charleston | Medford |
|---|---|---|
| Electricity Price | $14.18 | $28.15 |
| Natural Gas Price | $23.51 | $21.62 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Charleston vs Medford
- Medford has higher electricity costs at $28.15 per kWh, versus $14.18 in Charleston.
- Natural gas is more expensive in Charleston at $23.51 per unit, while it is cheaper at $21.62 in Medford.
- Utility expenses are equal in both Charleston and Medford averaging $250.