Cost of Living: Providence, RI vs Carmel, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Providence | Carmel |
|---|---|---|
| Housing Index | 125.0 | 120.5 |
| Median Home Price | $335,000 | $396,000 |
| Average Rent (2 BR Apartment) | $2200 | $1800 |
| Average Rent (2 BR House) | $2240 | $1830 |
Housing Comparison: Providence vs Carmel
- The median home price in Carmel is higher at $396,000, compared to $335,000 in Providence.
- Renting a two-bedroom apartment costs more in Providence at $2,200 than in Carmel at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Providence | Carmel |
|---|---|---|
| Electricity Price | $27.03 | $14.89 |
| Natural Gas Price | $21.52 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Providence vs Carmel
- Electricity costs are higher in Providence at $27.03 per kWh, compared to $14.89 in Carmel.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Providence and Carmel averaging $250.