Cost of Living: Hilo, HI vs Beverly, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hilo | Beverly |
|---|---|---|
| Housing Index | 160.0 | 125.0 |
| Median Home Price | $479,000 | $647,000 |
| Average Rent (2 BR Apartment) | $2500 | $2400 |
| Average Rent (2 BR House) | $2400 | $2450 |
Housing Comparison: Hilo vs Beverly
- The median home price in Beverly is higher at $647,000, compared to $479,000 in Hilo.
- Renting a two-bedroom apartment costs more in Hilo at $2,500 than in Beverly at $2,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hilo | Beverly |
|---|---|---|
| Electricity Price | $42.45 | $28.15 |
| Natural Gas Price | $51.22 | $21.62 |
| Other Utilities | $350 | $250 |
Utilities Comparison: Hilo vs Beverly
- Electricity costs are higher in Hilo at $42.45 per kWh, compared to $28.15 in Beverly.
- Natural gas is more expensive in Hilo at $51.22 per unit, while it is cheaper at $21.62 in Beverly.
- Other utility costs are higher in Hilo at an average of $350, compared to Beverly with $250.