Cost of Living: Hot springs village, AR vs Torrington, CT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hot springs village | Torrington |
|---|---|---|
| Housing Index | 90.0 | 115.0 |
| Median Home Price | $265,000 | $287,000 |
| Average Rent (2 BR Apartment) | $1200 | $1500 |
| Average Rent (2 BR House) | $1250 | $1600 |
Housing Comparison: Hot springs village vs Torrington
- The median home price in Torrington is higher at $287,000, compared to $265,000 in Hot springs village.
- In Torrington, the rental for a two-bedroom apartment stands at $1,500, while it is $1,200 in Hot springs village.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hot springs village | Torrington |
|---|---|---|
| Electricity Price | $12.36 | $26 |
| Natural Gas Price | $17.08 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Hot springs village vs Torrington
- Torrington has higher electricity costs at $26 per kWh, versus $12.36 in Hot springs village.
- Natural gas price data is currently unavailable.
- Torrington has higher utility expenses, averaging $250, while Hot springs village averages $200.