Cost of Living: Providence, RI vs Concord, NH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Providence | Concord |
|---|---|---|
| Housing Index | 125.0 | 110.0 |
| Median Home Price | $335,000 | $299,000 |
| Average Rent (2 BR Apartment) | $2200 | $1800 |
| Average Rent (2 BR House) | $2240 | $1840 |
Housing Comparison: Providence vs Concord
- In Providence, the median home price is higher at $335,000, while in Concord it is $299,000.
- Renting a two-bedroom apartment costs more in Providence at $2,200 than in Concord 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 | Concord |
|---|---|---|
| Electricity Price | $27.03 | $22.44 |
| Natural Gas Price | $21.52 | $17.58 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Providence vs Concord
- Electricity costs are higher in Providence at $27.03 per kWh, compared to $22.44 in Concord.
- Natural gas is more expensive in Providence at $21.52 per unit, while it is cheaper at $17.58 in Concord.
- Utility expenses are equal in both Providence and Concord averaging $250.