Cost of Living: Richmond, VA vs Clifton, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Clifton |
|---|---|---|
| Housing Index | 120.0 | 120.0 |
| Median Home Price | $309,500 | $504,000 |
| Average Rent (2 BR Apartment) | $1800 | $2300 |
| Average Rent (2 BR House) | $1850 | $2400 |
Housing Comparison: Richmond vs Clifton
- The median home price in Clifton is higher at $504,000, compared to $309,500 in Richmond.
- In Clifton, the rental for a two-bedroom apartment stands at $2,300, while it is $1,800 in Richmond.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richmond | Clifton |
|---|---|---|
| Electricity Price | $15.31 | $19.88 |
| Natural Gas Price | $19.91 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richmond vs Clifton
- Clifton has higher electricity costs at $19.88 per kWh, versus $15.31 in Richmond.
- Natural gas is more expensive in Richmond at $19.91 per unit, while it is cheaper at $14.01 in Clifton.
- Utility expenses are equal in both Richmond and Clifton averaging $250.