Cost of Living: Nashville, TN vs Richardson, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Nashville | Richardson |
|---|---|---|
| Housing Index | 110.0 | 110.0 |
| Median Home Price | $376,200 | $381,000 |
| Average Rent (2 BR Apartment) | $1800 | $1895 |
| Average Rent (2 BR House) | $1840 | $1943 |
Housing Comparison: Nashville vs Richardson
- The median home price in Richardson is higher at $381,000, compared to $376,200 in Nashville.
- In Richardson, the rental for a two-bedroom apartment stands at $1,895, while it is $1,800 in Nashville.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Nashville | Richardson |
|---|---|---|
| Electricity Price | $12.57 | $14.47 |
| Natural Gas Price | $12.35 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Nashville vs Richardson
- Richardson has higher electricity costs at $14.47 per kWh, versus $12.57 in Nashville.
- Richardson experiences higher natural gas costs at $26.29 per unit, with costs at $12.35 in Nashville.
- Utility expenses are equal in both Nashville and Richardson averaging $250.