Cost of Living: Richardson, TX vs Dearborn, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richardson | Dearborn |
|---|---|---|
| Housing Index | 110.0 | 110.0 |
| Median Home Price | $381,000 | $205,000 |
| Average Rent (2 BR Apartment) | $1895 | $1200 |
| Average Rent (2 BR House) | $1943 | $1280 |
Housing Comparison: Richardson vs Dearborn
- In Richardson, the median home price is higher at $381,000, while in Dearborn it is $205,000.
- Renting a two-bedroom apartment costs more in Richardson at $1,895 than in Dearborn 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 | Richardson | Dearborn |
|---|---|---|
| Electricity Price | $14.47 | $19.88 |
| Natural Gas Price | $26.29 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richardson vs Dearborn
- Dearborn has higher electricity costs at $19.88 per kWh, versus $14.47 in Richardson.
- Natural gas is more expensive in Richardson at $26.29 per unit, while it is cheaper at $15.42 in Dearborn.
- Utility expenses are equal in both Richardson and Dearborn averaging $250.