Cost of Living: Richmond, MO vs Norway, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Norway |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $150,000 | $150,000 |
| Average Rent (2 BR Apartment) | $720 | $Data is updating |
| Average Rent (2 BR House) | $800 | $Data is updating |
Housing Comparison: Richmond vs Norway
- The median home price is the same in both Richmond and Norway at $150,000.
- The rent for a two-bedroom apartment is equal in both Richmond and Norway 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 | Norway |
|---|---|---|
| Electricity Price | $14.64 | $19.88 |
| Natural Gas Price | $23.25 | $15.42 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Richmond vs Norway
- Norway has higher electricity costs at $19.88 per kWh, versus $14.64 in Richmond.
- Natural gas is more expensive in Richmond at $23.25 per unit, while it is cheaper at $15.42 in Norway.
- Utility expenses are equal in both Richmond and Norway averaging $200.