Cost of Living: Medford, MA vs Raleigh, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Medford | Raleigh |
|---|---|---|
| Housing Index | 120.0 | 110.0 |
| Median Home Price | $482,000 | $391,000 |
| Average Rent (2 BR Apartment) | $2500 | $1200 |
| Average Rent (2 BR House) | $2350 | $1280 |
Housing Comparison: Medford vs Raleigh
- In Medford, the median home price is higher at $482,000, while in Raleigh it is $391,000.
- Renting a two-bedroom apartment costs more in Medford at $2,500 than in Raleigh 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 | Raleigh |
|---|---|---|
| Electricity Price | $28.15 | $13.72 |
| Natural Gas Price | $21.62 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Medford vs Raleigh
- Electricity costs are higher in Medford at $28.15 per kWh, compared to $13.72 in Raleigh.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Medford and Raleigh averaging $250.