Cost of Living: Riverbank, CA vs Tempe, AZ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Riverbank | Tempe |
|---|---|---|
| Housing Index | 120.5 | 115.5 |
| Median Home Price | $460,000 | $405,000 |
| Average Rent (2 BR Apartment) | $2200 | $1800 |
| Average Rent (2 BR House) | $2240 | $1870 |
Housing Comparison: Riverbank vs Tempe
- In Riverbank, the median home price is higher at $460,000, while in Tempe it is $405,000.
- Renting a two-bedroom apartment costs more in Riverbank at $2,200 than in Tempe 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 | Riverbank | Tempe |
|---|---|---|
| Electricity Price | $32.99 | $15.14 |
| Natural Gas Price | $16.99 | $23.51 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Riverbank vs Tempe
- Electricity costs are higher in Riverbank at $32.99 per kWh, compared to $15.14 in Tempe.
- Tempe experiences higher natural gas costs at $23.51 per unit, with costs at $16.99 in Riverbank.
- Utility expenses are equal in both Riverbank and Tempe averaging $250.