Cost of Living: Richmond, MO vs Lowell, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Lowell |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $150,000 | $513,000 |
| Average Rent (2 BR Apartment) | $720 | $Data is updating |
| Average Rent (2 BR House) | $800 | $Data is updating |
Housing Comparison: Richmond vs Lowell
- The median home price in Lowell is higher at $513,000, compared to $150,000 in Richmond.
- The rent for a two-bedroom apartment is equal in both Richmond and Lowell at $720.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richmond | Lowell |
|---|---|---|
| Electricity Price | $14.64 | $28.15 |
| Natural Gas Price | $23.25 | $21.62 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Richmond vs Lowell
- Lowell has higher electricity costs at $28.15 per kWh, versus $14.64 in Richmond.
- Natural gas is more expensive in Richmond at $23.25 per unit, while it is cheaper at $21.62 in Lowell.
- Utility expenses are equal in both Richmond and Lowell averaging $200.