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.