Cost of Living: New bedford, MA vs Madisonville, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | New bedford | Madisonville |
|---|---|---|
| Housing Index | 105.0 | 80.0 |
| Median Home Price | $405,000 | $159,000 |
| Average Rent (2 BR Apartment) | $1800 | $800 |
| Average Rent (2 BR House) | $1856 | $850 |
Housing Comparison: New bedford vs Madisonville
- In New bedford, the median home price is higher at $405,000, while in Madisonville it is $159,000.
- In Madisonville, the rental for a two-bedroom apartment stands at $800, while it is $1,800 in New bedford.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | New bedford | Madisonville |
|---|---|---|
| Electricity Price | $28.15 | $12.87 |
| Natural Gas Price | $21.62 | $22.78 |
| Other Utilities | $250 | $200 |
Utilities Comparison: New bedford vs Madisonville
- Electricity costs are higher in New bedford at $28.15 per kWh, compared to $12.87 in Madisonville.
- Madisonville experiences higher natural gas costs at $22.78 per unit, with costs at $21.62 in New bedford.
- Other utility costs are higher in New bedford at an average of $250, compared to Madisonville with $200.