Cost of Living: Peabody, MA vs Luray, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Peabody | Luray |
|---|---|---|
| Housing Index | 120.0 | 95.0 |
| Median Home Price | $463,000 | $261,000 |
| Average Rent (2 BR Apartment) | $2300 | $1200 |
| Average Rent (2 BR House) | $2400 | $1360 |
Housing Comparison: Peabody vs Luray
- In Peabody, the median home price is higher at $463,000, while in Luray it is $261,000.
- Renting a two-bedroom apartment costs more in Peabody at $2,300 than in Luray 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 | Peabody | Luray |
|---|---|---|
| Electricity Price | $28.15 | $15.31 |
| Natural Gas Price | $21.62 | $19.91 |
| Other Utilities | $280 | $240 |
Utilities Comparison: Peabody vs Luray
- Electricity costs are higher in Peabody at $28.15 per kWh, compared to $15.31 in Luray.
- Natural gas is more expensive in Peabody at $21.62 per unit, while it is cheaper at $19.91 in Luray.
- Other utility costs are higher in Peabody at an average of $280, compared to Luray with $240.