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.