Cost of Living: Medford, MA vs Henderson, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Medford | Henderson |
|---|---|---|
| Housing Index | 120.0 | 90.0 |
| Median Home Price | $482,000 | $245,000 |
| Average Rent (2 BR Apartment) | $2500 | $1200 |
| Average Rent (2 BR House) | $2350 | $1200 |
Housing Comparison: Medford vs Henderson
- In Medford, the median home price is higher at $482,000, while in Henderson it is $245,000.
- Renting a two-bedroom apartment costs more in Medford at $2,500 than in Henderson at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Medford | Henderson |
|---|---|---|
| Electricity Price | $28.15 | $12.57 |
| Natural Gas Price | $21.62 | $12.35 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Medford vs Henderson
- Electricity costs are higher in Medford at $28.15 per kWh, compared to $12.57 in Henderson.
- Natural gas is more expensive in Medford at $21.62 per unit, while it is cheaper at $12.35 in Henderson.
- Other utility costs are higher in Medford at an average of $250, compared to Henderson with $200.