Cost of Living: Hickory, NC vs New london, CT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hickory | New london |
|---|---|---|
| Housing Index | 85.0 | 120.0 |
| Median Home Price | $274,000 | $258,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1325 | $1900 |
Housing Comparison: Hickory vs New london
- In Hickory, the median home price is higher at $274,000, while in New london it is $258,000.
- In New london, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Hickory.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hickory | New london |
|---|---|---|
| Electricity Price | $13.72 | $26 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $150 | $200 |
Utilities Comparison: Hickory vs New london
- New london has higher electricity costs at $26 per kWh, versus $13.72 in Hickory.
- Natural gas price data is currently unavailable.
- New london has higher utility expenses, averaging $200, while Hickory averages $150.