Cost of Living: Radford, VA vs Mountain home, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Radford | Mountain home |
|---|---|---|
| Housing Index | 90.0 | 102.0 |
| Median Home Price | $205,000 | $197,000 |
| Average Rent (2 BR Apartment) | $1200 | $950 |
| Average Rent (2 BR House) | $1360 | $960 |
Housing Comparison: Radford vs Mountain home
- In Radford, the median home price is higher at $205,000, while in Mountain home it is $197,000.
- In Mountain home, the rental for a two-bedroom apartment stands at $950, 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 | Mountain home |
|---|---|---|
| Electricity Price | $15.31 | $12.36 |
| Natural Gas Price | $19.91 | $17.08 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Radford vs Mountain home
- Electricity costs are higher in Radford at $15.31 per kWh, compared to $12.36 in Mountain home.
- Natural gas is more expensive in Radford at $19.91 per unit, while it is cheaper at $17.08 in Mountain home.
- Utility expenses are equal in both Radford and Mountain home averaging $250.