Cost of Living: Richmond, VA vs Westfield, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richmond | Westfield |
|---|---|---|
| Housing Index | 120.0 | 120.0 |
| Median Home Price | $309,500 | $307,000 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $1850 | $1830 |
Housing Comparison: Richmond vs Westfield
- In Richmond, the median home price is higher at $309,500, while in Westfield it is $307,000.
- The rent for a two-bedroom apartment is equal in both Richmond and Westfield at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richmond | Westfield |
|---|---|---|
| Electricity Price | $15.31 | $28.15 |
| Natural Gas Price | $19.91 | $21.62 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Richmond vs Westfield
- Westfield has higher electricity costs at $28.15 per kWh, versus $15.31 in Richmond.
- Westfield experiences higher natural gas costs at $21.62 per unit, with costs at $19.91 in Richmond.
- Westfield has higher utility expenses, averaging $280, while Richmond averages $250.