Cost of Living: Richland, MS vs Galveston, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richland | Galveston |
|---|---|---|
| Housing Index | 95.0 | 95.0 |
| Median Home Price | $176,000 | $317,000 |
| Average Rent (2 BR Apartment) | $1200 | $1600 |
| Average Rent (2 BR House) | $1360 | $1656 |
Housing Comparison: Richland vs Galveston
- The median home price in Galveston is higher at $317,000, compared to $176,000 in Richland.
- In Galveston, the rental for a two-bedroom apartment stands at $1,600, while it is $1,200 in Richland.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richland | Galveston |
|---|---|---|
| Electricity Price | $13.42 | $14.47 |
| Natural Gas Price | $22.19 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richland vs Galveston
- Galveston has higher electricity costs at $14.47 per kWh, versus $13.42 in Richland.
- Galveston experiences higher natural gas costs at $26.29 per unit, with costs at $22.19 in Richland.
- Utility expenses are equal in both Richland and Galveston averaging $250.