Cost of Living: Watertown, MA vs Springfield, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Watertown | Springfield |
|---|---|---|
| Housing Index | 120.0 | 90.0 |
| Median Home Price | $616,800 | $198,000 |
| Average Rent (2 BR Apartment) | $2800 | $1200 |
| Average Rent (2 BR House) | $2750 | $1300 |
Housing Comparison: Watertown vs Springfield
- In Watertown, the median home price is higher at $616,800, while in Springfield it is $198,000.
- Renting a two-bedroom apartment costs more in Watertown at $2,800 than in Springfield at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Watertown | Springfield |
|---|---|---|
| Electricity Price | $28.15 | $16.15 |
| Natural Gas Price | $21.62 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Watertown vs Springfield
- Electricity costs are higher in Watertown at $28.15 per kWh, compared to $16.15 in Springfield.
- Natural gas is more expensive in Watertown at $21.62 per unit, while it is cheaper at $16.59 in Springfield.
- Utility expenses are equal in both Watertown and Springfield averaging $250.