Cost of Living: Radford, VA vs Lake zurich, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Radford | Lake zurich |
|---|---|---|
| Housing Index | 90.0 | 115.0 |
| Median Home Price | $205,000 | $437,200 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1360 | $1900 |
Housing Comparison: Radford vs Lake zurich
- The median home price in Lake zurich is higher at $437,200, compared to $205,000 in Radford.
- In Lake zurich, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Radford.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Radford | Lake zurich |
|---|---|---|
| Electricity Price | $15.31 | $16.15 |
| Natural Gas Price | $19.91 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Radford vs Lake zurich
- Lake zurich has higher electricity costs at $16.15 per kWh, versus $15.31 in Radford.
- Natural gas is more expensive in Radford at $19.91 per unit, while it is cheaper at $16.59 in Lake zurich.
- Utility expenses are equal in both Radford and Lake zurich averaging $250.