Cost of Living: Peabody, MA vs New york, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Peabody | New york |
|---|---|---|
| Housing Index | 120.0 | 125.0 |
| Median Home Price | $463,000 | $800,000 |
| Average Rent (2 BR Apartment) | $2300 | $2800 |
| Average Rent (2 BR House) | $2400 | $2880 |
Housing Comparison: Peabody vs New york
- The median home price in New york is higher at $800,000, compared to $463,000 in Peabody.
- In New york, the rental for a two-bedroom apartment stands at $2,800, 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 | New york |
|---|---|---|
| Electricity Price | $28.15 | $26.08 |
| Natural Gas Price | $21.62 | $18.13 |
| Other Utilities | $280 | $250 |
Utilities Comparison: Peabody vs New york
- Electricity costs are higher in Peabody at $28.15 per kWh, compared to $26.08 in New york.
- Natural gas is more expensive in Peabody at $21.62 per unit, while it is cheaper at $18.13 in New york.
- Other utility costs are higher in Peabody at an average of $280, compared to New york with $250.