Cost of Living: Richmond, VA vs Marshalltown, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Marshalltown |
|---|---|---|
| Housing Index | 120.0 | 85.0 |
| Median Home Price | $309,500 | $157,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1850 | $1360 |
Housing Comparison: Richmond vs Marshalltown
- In Richmond, the median home price is higher at $309,500, while in Marshalltown it is $157,000.
- Renting a two-bedroom apartment costs more in Richmond at $1,800 than in Marshalltown 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 | Marshalltown |
|---|---|---|
| Electricity Price | $15.31 | $14.82 |
| Natural Gas Price | $19.91 | $15.61 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richmond vs Marshalltown
- Electricity costs are higher in Richmond at $15.31 per kWh, compared to $14.82 in Marshalltown.
- Natural gas is more expensive in Richmond at $19.91 per unit, while it is cheaper at $15.61 in Marshalltown.
- Utility expenses are equal in both Richmond and Marshalltown averaging $250.