Cost of Living: Medfield, MA vs Loretto, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Medfield | Loretto |
|---|---|---|
| Housing Index | 140.0 | Data is updating |
| Median Home Price | $672,000 | $175,000 |
| Average Rent (2 BR Apartment) | $2800 | $Data is updating |
| Average Rent (2 BR House) | $2950 | $Data is updating |
Housing Comparison: Medfield vs Loretto
- In Medfield, the median home price is higher at $672,000, while in Loretto it is $175,000.
- The rent for a two-bedroom apartment is equal in both Medfield and Loretto at $2,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Medfield | Loretto |
|---|---|---|
| Electricity Price | $28.15 | $12.87 |
| Natural Gas Price | $21.62 | $22.78 |
| Other Utilities | $350 | $Data is updating |
Utilities Comparison: Medfield vs Loretto
- Electricity costs are higher in Medfield at $28.15 per kWh, compared to $12.87 in Loretto.
- Loretto experiences higher natural gas costs at $22.78 per unit, with costs at $21.62 in Medfield.
- Utility expenses are equal in both Medfield and Loretto averaging $350.