Cost of Living: Richmond, VA vs Monterey park, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Monterey park |
|---|---|---|
| Housing Index | 120.0 | 140.0 |
| Median Home Price | $309,500 | $837,000 |
| Average Rent (2 BR Apartment) | $1800 | $2800 |
| Average Rent (2 BR House) | $1850 | $2880 |
Housing Comparison: Richmond vs Monterey park
- The median home price in Monterey park is higher at $837,000, compared to $309,500 in Richmond.
- In Monterey park, the rental for a two-bedroom apartment stands at $2,800, 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 | Monterey park |
|---|---|---|
| Electricity Price | $15.31 | $32.99 |
| Natural Gas Price | $19.91 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richmond vs Monterey park
- Monterey park has higher electricity costs at $32.99 per kWh, versus $15.31 in Richmond.
- Natural gas is more expensive in Richmond at $19.91 per unit, while it is cheaper at $16.99 in Monterey park.
- Utility expenses are equal in both Richmond and Monterey park averaging $250.