Cost of Living: Riverdale, NJ vs Springfield, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Riverdale | Springfield |
|---|---|---|
| Housing Index | 120.0 | 120.0 |
| Median Home Price | $467,000 | $287,000 |
| Average Rent (2 BR Apartment) | $2100 | $1800 |
| Average Rent (2 BR House) | $2150 | $1840 |
Housing Comparison: Riverdale vs Springfield
- In Riverdale, the median home price is higher at $467,000, while in Springfield it is $287,000.
- Renting a two-bedroom apartment costs more in Riverdale at $2,100 than in Springfield 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 | Riverdale | Springfield |
|---|---|---|
| Electricity Price | $19.88 | $28.15 |
| Natural Gas Price | $14.01 | $21.62 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Riverdale vs Springfield
- Springfield has higher electricity costs at $28.15 per kWh, versus $19.88 in Riverdale.
- Springfield experiences higher natural gas costs at $21.62 per unit, with costs at $14.01 in Riverdale.
- Utility expenses are equal in both Riverdale and Springfield averaging $250.