Cost of Living: Richland, MS vs Fernley, NV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richland | Fernley |
|---|---|---|
| Housing Index | 95.0 | 90.0 |
| Median Home Price | $176,000 | $385,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1360 | $1350 |
Housing Comparison: Richland vs Fernley
- The median home price in Fernley is higher at $385,000, compared to $176,000 in Richland.
- The rent for a two-bedroom apartment is equal in both Richland and Fernley 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 | Richland | Fernley |
|---|---|---|
| Electricity Price | $13.42 | $15.5 |
| Natural Gas Price | $22.19 | $20.66 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richland vs Fernley
- Fernley has higher electricity costs at $15.5 per kWh, versus $13.42 in Richland.
- Natural gas is more expensive in Richland at $22.19 per unit, while it is cheaper at $20.66 in Fernley.
- Utility expenses are equal in both Richland and Fernley averaging $250.