Cost of Living: Richmond, CA vs Independence, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Independence |
|---|---|---|
| Housing Index | 120.0 | 90.0 |
| Median Home Price | $650,000 | $182,500 |
| Average Rent (2 BR Apartment) | $2800 | $1050 |
| Average Rent (2 BR House) | $2700 | $840 |
Housing Comparison: Richmond vs Independence
- In Richmond, the median home price is higher at $650,000, while in Independence it is $182,500.
- Renting a two-bedroom apartment costs more in Richmond at $2,800 than in Independence at $1,050.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richmond | Independence |
|---|---|---|
| Electricity Price | $32.99 | $14.64 |
| Natural Gas Price | $16.99 | $23.25 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richmond vs Independence
- Electricity costs are higher in Richmond at $32.99 per kWh, compared to $14.64 in Independence.
- Independence experiences higher natural gas costs at $23.25 per unit, with costs at $16.99 in Richmond.
- Utility expenses are equal in both Richmond and Independence averaging $250.