Cost of Living: Peabody, MA vs Madisonville, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Peabody | Madisonville |
|---|---|---|
| Housing Index | 120.0 | 80.0 |
| Median Home Price | $463,000 | $159,000 |
| Average Rent (2 BR Apartment) | $2300 | $800 |
| Average Rent (2 BR House) | $2400 | $850 |
Housing Comparison: Peabody vs Madisonville
- In Peabody, the median home price is higher at $463,000, while in Madisonville it is $159,000.
- In Madisonville, the rental for a two-bedroom apartment stands at $800, while it is $2,300 in Peabody.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Peabody | Madisonville |
|---|---|---|
| Electricity Price | $28.15 | $12.87 |
| Natural Gas Price | $21.62 | $22.78 |
| Other Utilities | $280 | $200 |
Utilities Comparison: Peabody vs Madisonville
- Electricity costs are higher in Peabody 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 Peabody.
- Other utility costs are higher in Peabody at an average of $280, compared to Madisonville with $200.