Cost of Living: Montgomery, IL vs Richmond, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Montgomery | Richmond |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $260,000 | $150,000 |
| Average Rent (2 BR Apartment) | $1200 | $720 |
| Average Rent (2 BR House) | $1245 | $800 |
Housing Comparison: Montgomery vs Richmond
- In Montgomery, the median home price is higher at $260,000, while in Richmond it is $150,000.
- In Richmond, the rental for a two-bedroom apartment stands at $720, while it is $1,200 in Montgomery.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Montgomery | Richmond |
|---|---|---|
| Electricity Price | $16.15 | $14.64 |
| Natural Gas Price | $16.59 | $23.25 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Montgomery vs Richmond
- Electricity costs are higher in Montgomery at $16.15 per kWh, compared to $14.64 in Richmond.
- Richmond experiences higher natural gas costs at $23.25 per unit, with costs at $16.59 in Montgomery.
- Utility expenses are equal in both Montgomery and Richmond averaging $200.