Cost of Living: Providence, RI vs Loves park, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Providence | Loves park |
|---|---|---|
| Housing Index | 125.0 | 80.0 |
| Median Home Price | $335,000 | $213,000 |
| Average Rent (2 BR Apartment) | $2200 | $1200 |
| Average Rent (2 BR House) | $2240 | $1600 |
Housing Comparison: Providence vs Loves park
- In Providence, the median home price is higher at $335,000, while in Loves park it is $213,000.
- Renting a two-bedroom apartment costs more in Providence at $2,200 than in Loves park 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 | Providence | Loves park |
|---|---|---|
| Electricity Price | $27.03 | $16.15 |
| Natural Gas Price | $21.52 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Providence vs Loves park
- Electricity costs are higher in Providence at $27.03 per kWh, compared to $16.15 in Loves park.
- Natural gas is more expensive in Providence at $21.52 per unit, while it is cheaper at $16.59 in Loves park.
- Utility expenses are equal in both Providence and Loves park averaging $250.