Cost of Living: Richmond, MO vs Martinsburg, WV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Martinsburg |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $150,000 | $249,000 |
| Average Rent (2 BR Apartment) | $720 | $1200 |
| Average Rent (2 BR House) | $800 | $1360 |
Housing Comparison: Richmond vs Martinsburg
- The median home price in Martinsburg is higher at $249,000, compared to $150,000 in Richmond.
- Renting a two-bedroom apartment costs more in Richmond at $720 than in Martinsburg at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richmond | Martinsburg |
|---|---|---|
| Electricity Price | $14.64 | $15.48 |
| Natural Gas Price | $23.25 | $23.05 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Richmond vs Martinsburg
- Martinsburg has higher electricity costs at $15.48 per kWh, versus $14.64 in Richmond.
- Natural gas is more expensive in Richmond at $23.25 per unit, while it is cheaper at $23.05 in Martinsburg.
- Utility expenses are equal in both Richmond and Martinsburg averaging $200.