Cost of Living: Richmond, MO vs Martinsville, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Martinsville |
|---|---|---|
| Housing Index | 90.0 | 95.0 |
| Median Home Price | $150,000 | $190,000 |
| Average Rent (2 BR Apartment) | $720 | $1200 |
| Average Rent (2 BR House) | $800 | $1120 |
Housing Comparison: Richmond vs Martinsville
- The median home price in Martinsville is higher at $190,000, compared to $150,000 in Richmond.
- Renting a two-bedroom apartment costs more in Richmond at $720 than in Martinsville 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 | Martinsville |
|---|---|---|
| Electricity Price | $14.64 | $14.89 |
| Natural Gas Price | $23.25 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Richmond vs Martinsville
- Martinsville has higher electricity costs at $14.89 per kWh, versus $14.64 in Richmond.
- Natural gas price data is currently unavailable.
- Martinsville has higher utility expenses, averaging $250, while Richmond averages $200.