Cost of Living: Richmond, CA vs Essex, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Essex |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $650,000 | $522,500 |
| Average Rent (2 BR Apartment) | $2800 | $Data is updating |
| Average Rent (2 BR House) | $2700 | $Data is updating |
Housing Comparison: Richmond vs Essex
- In Richmond, the median home price is higher at $650,000, while in Essex it is $522,500.
- The rent for a two-bedroom apartment is equal in both Richmond and Essex at $2,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richmond | Essex |
|---|---|---|
| Electricity Price | $32.99 | $28.15 |
| Natural Gas Price | $16.99 | $21.62 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Richmond vs Essex
- Electricity costs are higher in Richmond at $32.99 per kWh, compared to $28.15 in Essex.
- Essex 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 Essex averaging $250.