Cost of Living: Riverbank, CA vs Lancaster, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Riverbank | Lancaster |
|---|---|---|
| Housing Index | 120.5 | 110.2 |
| Median Home Price | $460,000 | $327,000 |
| Average Rent (2 BR Apartment) | $2200 | $1400 |
| Average Rent (2 BR House) | $2240 | $1450 |
Housing Comparison: Riverbank vs Lancaster
- In Riverbank, the median home price is higher at $460,000, while in Lancaster it is $327,000.
- Renting a two-bedroom apartment costs more in Riverbank at $2,200 than in Lancaster at $1,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Riverbank | Lancaster |
|---|---|---|
| Electricity Price | $32.99 | $15.31 |
| Natural Gas Price | $16.99 | $19.91 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Riverbank vs Lancaster
- Electricity costs are higher in Riverbank at $32.99 per kWh, compared to $15.31 in Lancaster.
- Lancaster experiences higher natural gas costs at $19.91 per unit, with costs at $16.99 in Riverbank.
- Utility expenses are equal in both Riverbank and Lancaster averaging $250.