Cost of Living: Chesapeake, VA vs Lexington, NE
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Chesapeake | Lexington |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $347,000 | $202,000 |
| Average Rent (2 BR Apartment) | $1800 | $950 |
| Average Rent (2 BR House) | $1840 | $960 |
Housing Comparison: Chesapeake vs Lexington
- In Chesapeake, the median home price is higher at $347,000, while in Lexington it is $202,000.
- In Lexington, the rental for a two-bedroom apartment stands at $950, while it is $1,800 in Chesapeake.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Chesapeake | Lexington |
|---|---|---|
| Electricity Price | $15.31 | $12.92 |
| Natural Gas Price | $19.91 | $13.89 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Chesapeake vs Lexington
- Electricity costs are higher in Chesapeake at $15.31 per kWh, compared to $12.92 in Lexington.
- Natural gas is more expensive in Chesapeake at $19.91 per unit, while it is cheaper at $13.89 in Lexington.
- Other utility costs are higher in Chesapeake at an average of $250, compared to Lexington with $200.