Cost of Living: Chesapeake, VA vs Paris, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Chesapeake | Paris |
|---|---|---|
| Housing Index | 110.0 | 90.0 |
| Median Home Price | $347,000 | $196,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1840 | $1280 |
Housing Comparison: Chesapeake vs Paris
- In Chesapeake, the median home price is higher at $347,000, while in Paris it is $196,000.
- Renting a two-bedroom apartment costs more in Chesapeake at $1,800 than in Paris at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Chesapeake | Paris |
|---|---|---|
| Electricity Price | $15.31 | $12.87 |
| Natural Gas Price | $19.91 | $22.78 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Chesapeake vs Paris
- Electricity costs are higher in Chesapeake at $15.31 per kWh, compared to $12.87 in Paris.
- Paris experiences higher natural gas costs at $22.78 per unit, with costs at $19.91 in Chesapeake.
- Utility expenses are equal in both Chesapeake and Paris averaging $250.