Cost of Living: Westminster, MD vs Richardson, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Westminster | Richardson |
|---|---|---|
| Housing Index | 110.0 | 110.0 |
| Median Home Price | $375,000 | $381,000 |
| Average Rent (2 BR Apartment) | $1850 | $1895 |
| Average Rent (2 BR House) | $1920 | $1943 |
Housing Comparison: Westminster vs Richardson
- The median home price in Richardson is higher at $381,000, compared to $375,000 in Westminster.
- In Richardson, the rental for a two-bedroom apartment stands at $1,895, while it is $1,850 in Westminster.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Westminster | Richardson |
|---|---|---|
| Electricity Price | $17.41 | $14.47 |
| Natural Gas Price | $18.44 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Westminster vs Richardson
- Electricity costs are higher in Westminster at $17.41 per kWh, compared to $14.47 in Richardson.
- Richardson experiences higher natural gas costs at $26.29 per unit, with costs at $18.44 in Westminster.
- Utility expenses are equal in both Westminster and Richardson averaging $250.