Cost of Living: Covington, VA vs Orem, UT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Covington | Orem |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $178,000 | $465,000 |
| Average Rent (2 BR Apartment) | $1200 | $1600 |
| Average Rent (2 BR House) | $1360 | $1640 |
Housing Comparison: Covington vs Orem
- The median home price in Orem is higher at $465,000, compared to $178,000 in Covington.
- In Orem, the rental for a two-bedroom apartment stands at $1,600, while it is $1,200 in Covington.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Covington | Orem |
|---|---|---|
| Electricity Price | $15.31 | $11.5 |
| Natural Gas Price | $19.91 | $14 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Covington vs Orem
- Electricity costs are higher in Covington at $15.31 per kWh, compared to $11.5 in Orem.
- Natural gas is more expensive in Covington at $19.91 per unit, while it is cheaper at $14 in Orem.
- Orem has higher utility expenses, averaging $250, while Covington averages $200.