Cost of Living: Chesapeake, VA vs Waco, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Chesapeake | Waco |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $347,000 | $215,000 |
| Average Rent (2 BR Apartment) | $1800 | $1350 |
| Average Rent (2 BR House) | $1840 | $1400 |
Housing Comparison: Chesapeake vs Waco
- In Chesapeake, the median home price is higher at $347,000, while in Waco it is $215,000.
- Renting a two-bedroom apartment costs more in Chesapeake at $1,800 than in Waco at $1,350.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Chesapeake | Waco |
|---|---|---|
| Electricity Price | $15.31 | $14.47 |
| Natural Gas Price | $19.91 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Chesapeake vs Waco
- Electricity costs are higher in Chesapeake at $15.31 per kWh, compared to $14.47 in Waco.
- Waco experiences higher natural gas costs at $26.29 per unit, with costs at $19.91 in Chesapeake.
- Utility expenses are equal in both Chesapeake and Waco averaging $250.