Cost of Living: Richmond, CA vs Beverly, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Beverly |
|---|---|---|
| Housing Index | 120.0 | 125.0 |
| Median Home Price | $650,000 | $647,000 |
| Average Rent (2 BR Apartment) | $2800 | $2400 |
| Average Rent (2 BR House) | $2700 | $2450 |
Housing Comparison: Richmond vs Beverly
- In Richmond, the median home price is higher at $650,000, while in Beverly it is $647,000.
- Renting a two-bedroom apartment costs more in Richmond at $2,800 than in Beverly at $2,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richmond | Beverly |
|---|---|---|
| Electricity Price | $32.99 | $28.15 |
| Natural Gas Price | $16.99 | $21.62 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richmond vs Beverly
- Electricity costs are higher in Richmond at $32.99 per kWh, compared to $28.15 in Beverly.
- Beverly experiences higher natural gas costs at $21.62 per unit, with costs at $16.99 in Richmond.
- Utility expenses are equal in both Richmond and Beverly averaging $250.