Cost of Living: Denver, CO vs Medford, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Denver | Medford |
|---|---|---|
| Housing Index | 115.0 | 120.0 |
| Median Home Price | $631,000 | $482,000 |
| Average Rent (2 BR Apartment) | $2400 | $2500 |
| Average Rent (2 BR House) | $2480 | $2350 |
Housing Comparison: Denver vs Medford
- In Denver, the median home price is higher at $631,000, while in Medford it is $482,000.
- In Medford, the rental for a two-bedroom apartment stands at $2,500, while it is $2,400 in Denver.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Denver | Medford |
|---|---|---|
| Electricity Price | $15.21 | $28.15 |
| Natural Gas Price | $11.3 | $21.62 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Denver vs Medford
- Medford has higher electricity costs at $28.15 per kWh, versus $15.21 in Denver.
- Medford experiences higher natural gas costs at $21.62 per unit, with costs at $11.3 in Denver.
- Utility expenses are equal in both Denver and Medford averaging $250.