Cost of Living: Ripley, TN vs Richardson, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ripley | Richardson |
|---|---|---|
| Housing Index | 85.0 | 110.0 |
| Median Home Price | $158,000 | $381,000 |
| Average Rent (2 BR Apartment) | $1200 | $1895 |
| Average Rent (2 BR House) | $1360 | $1943 |
Housing Comparison: Ripley vs Richardson
- The median home price in Richardson is higher at $381,000, compared to $158,000 in Ripley.
- In Richardson, the rental for a two-bedroom apartment stands at $1,895, while it is $1,200 in Ripley.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Ripley | Richardson |
|---|---|---|
| Electricity Price | $12.57 | $14.47 |
| Natural Gas Price | $12.35 | $26.29 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Ripley vs Richardson
- Richardson has higher electricity costs at $14.47 per kWh, versus $12.57 in Ripley.
- Richardson experiences higher natural gas costs at $26.29 per unit, with costs at $12.35 in Ripley.
- Richardson has higher utility expenses, averaging $250, while Ripley averages $220.