Cost of Living: Prescott, AZ vs Richland, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Prescott | Richland |
|---|---|---|
| Housing Index | 110.0 | 95.0 |
| Median Home Price | $531,000 | $176,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1840 | $1360 |
Housing Comparison: Prescott vs Richland
- In Prescott, the median home price is higher at $531,000, while in Richland it is $176,000.
- Renting a two-bedroom apartment costs more in Prescott at $1,800 than in Richland 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 | Prescott | Richland |
|---|---|---|
| Electricity Price | $15.14 | $13.42 |
| Natural Gas Price | $23.51 | $22.19 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Prescott vs Richland
- Electricity costs are higher in Prescott at $15.14 per kWh, compared to $13.42 in Richland.
- Natural gas is more expensive in Prescott at $23.51 per unit, while it is cheaper at $22.19 in Richland.
- Utility expenses are equal in both Prescott and Richland averaging $250.