Cost of Living: Irvine, CA vs Peabody, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Irvine | Peabody |
|---|---|---|
| Housing Index | 130.7 | 120.0 |
| Median Home Price | $1,181,909 | $463,000 |
| Average Rent (2 BR Apartment) | $3200 | $2300 |
| Average Rent (2 BR House) | $3360 | $2400 |
Housing Comparison: Irvine vs Peabody
- In Irvine, the median home price is higher at $1,181,909, while in Peabody it is $463,000.
- Renting a two-bedroom apartment costs more in Irvine at $3,200 than in Peabody at $2,300.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Irvine | Peabody |
|---|---|---|
| Electricity Price | $32.99 | $28.15 |
| Natural Gas Price | $16.99 | $21.62 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Irvine vs Peabody
- Electricity costs are higher in Irvine at $32.99 per kWh, compared to $28.15 in Peabody.
- Peabody experiences higher natural gas costs at $21.62 per unit, with costs at $16.99 in Irvine.
- Peabody has higher utility expenses, averaging $280, while Irvine averages $250.