Cost of Living: Richmond, CA vs Jessup, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Jessup |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $650,000 | $471,000 |
| Average Rent (2 BR Apartment) | $2800 | $Data is updating |
| Average Rent (2 BR House) | $2700 | $Data is updating |
Housing Comparison: Richmond vs Jessup
- In Richmond, the median home price is higher at $650,000, while in Jessup it is $471,000.
- The rent for a two-bedroom apartment is equal in both Richmond and Jessup 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 | Jessup |
|---|---|---|
| Electricity Price | $32.99 | $17.41 |
| Natural Gas Price | $16.99 | $18.44 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Richmond vs Jessup
- Electricity costs are higher in Richmond at $32.99 per kWh, compared to $17.41 in Jessup.
- Jessup experiences higher natural gas costs at $18.44 per unit, with costs at $16.99 in Richmond.
- Utility expenses are equal in both Richmond and Jessup averaging $250.