Cost of Living: Waco, TX vs Providence, RI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Waco | Providence |
|---|---|---|
| Housing Index | 85.0 | 125.0 |
| Median Home Price | $215,000 | $335,000 |
| Average Rent (2 BR Apartment) | $1350 | $2200 |
| Average Rent (2 BR House) | $1400 | $2240 |
Housing Comparison: Waco vs Providence
- The median home price in Providence is higher at $335,000, compared to $215,000 in Waco.
- In Providence, the rental for a two-bedroom apartment stands at $2,200, while it is $1,350 in Waco.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Waco | Providence |
|---|---|---|
| Electricity Price | $14.47 | $27.03 |
| Natural Gas Price | $26.29 | $21.52 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Waco vs Providence
- Providence has higher electricity costs at $27.03 per kWh, versus $14.47 in Waco.
- Natural gas is more expensive in Waco at $26.29 per unit, while it is cheaper at $21.52 in Providence.
- Utility expenses are equal in both Waco and Providence averaging $250.