Cost of Living: Medford, MA vs Kannapolis, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Medford | Kannapolis |
|---|---|---|
| Housing Index | 120.0 | 95.7 |
| Median Home Price | $482,000 | $295,000 |
| Average Rent (2 BR Apartment) | $2500 | $1400 |
| Average Rent (2 BR House) | $2350 | $1440 |
Housing Comparison: Medford vs Kannapolis
- In Medford, the median home price is higher at $482,000, while in Kannapolis it is $295,000.
- Renting a two-bedroom apartment costs more in Medford at $2,500 than in Kannapolis at $1,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Medford | Kannapolis |
|---|---|---|
| Electricity Price | $28.15 | $13.72 |
| Natural Gas Price | $21.62 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Medford vs Kannapolis
- Electricity costs are higher in Medford at $28.15 per kWh, compared to $13.72 in Kannapolis.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Medford and Kannapolis averaging $250.