Cost of Living: Riverhead, NY vs Lancaster, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Riverhead | Lancaster |
|---|---|---|
| Housing Index | 140.0 | 110.2 |
| Median Home Price | $515,000 | $327,000 |
| Average Rent (2 BR Apartment) | $2400 | $1400 |
| Average Rent (2 BR House) | $2450 | $1450 |
Housing Comparison: Riverhead vs Lancaster
- In Riverhead, the median home price is higher at $515,000, while in Lancaster it is $327,000.
- Renting a two-bedroom apartment costs more in Riverhead at $2,400 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 | Riverhead | Lancaster |
|---|---|---|
| Electricity Price | $26.08 | $15.31 |
| Natural Gas Price | $18.13 | $19.91 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Riverhead vs Lancaster
- Electricity costs are higher in Riverhead at $26.08 per kWh, compared to $15.31 in Lancaster.
- Lancaster experiences higher natural gas costs at $19.91 per unit, with costs at $18.13 in Riverhead.
- Utility expenses are equal in both Riverhead and Lancaster averaging $250.