Cost of Living: Henderson, TN vs Richmond, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Henderson | Richmond |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $245,000 | $150,000 |
| Average Rent (2 BR Apartment) | $1200 | $720 |
| Average Rent (2 BR House) | $1200 | $800 |
Housing Comparison: Henderson vs Richmond
- In Henderson, the median home price is higher at $245,000, while in Richmond it is $150,000.
- In Richmond, the rental for a two-bedroom apartment stands at $720, while it is $1,200 in Henderson.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Henderson | Richmond |
|---|---|---|
| Electricity Price | $12.57 | $14.64 |
| Natural Gas Price | $12.35 | $23.25 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Henderson vs Richmond
- Richmond has higher electricity costs at $14.64 per kWh, versus $12.57 in Henderson.
- Richmond experiences higher natural gas costs at $23.25 per unit, with costs at $12.35 in Henderson.
- Utility expenses are equal in both Henderson and Richmond averaging $200.