Cost of Living: Warwick, RI vs Severna park, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Warwick | Severna park |
|---|---|---|
| Housing Index | 115.0 | 120.5 |
| Median Home Price | $368,000 | $476,000 |
| Average Rent (2 BR Apartment) | $2200 | $2200 |
| Average Rent (2 BR House) | $2240 | $2245 |
Housing Comparison: Warwick vs Severna park
- The median home price in Severna park is higher at $476,000, compared to $368,000 in Warwick.
- The rent for a two-bedroom apartment is equal in both Warwick and Severna park at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Warwick | Severna park |
|---|---|---|
| Electricity Price | $27.03 | $17.41 |
| Natural Gas Price | $21.52 | $18.44 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Warwick vs Severna park
- Electricity costs are higher in Warwick at $27.03 per kWh, compared to $17.41 in Severna park.
- Natural gas is more expensive in Warwick at $21.52 per unit, while it is cheaper at $18.44 in Severna park.
- Severna park has higher utility expenses, averaging $280, while Warwick averages $250.