Cost of Living: Richland, MS vs Hampton, NH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richland | Hampton |
|---|---|---|
| Housing Index | 95.0 | 120.0 |
| Median Home Price | $176,000 | $475,000 |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1360 | $2500 |
Housing Comparison: Richland vs Hampton
- The median home price in Hampton is higher at $475,000, compared to $176,000 in Richland.
- In Hampton, the rental for a two-bedroom apartment stands at $2,400, 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 | Hampton |
|---|---|---|
| Electricity Price | $13.42 | $22.44 |
| Natural Gas Price | $22.19 | $17.58 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richland vs Hampton
- Hampton has higher electricity costs at $22.44 per kWh, versus $13.42 in Richland.
- Natural gas is more expensive in Richland at $22.19 per unit, while it is cheaper at $17.58 in Hampton.
- Utility expenses are equal in both Richland and Hampton averaging $250.