Cost of Living: Boon, MI vs Newark, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Boon | Newark |
|---|---|---|
| Housing Index | Data is updating | 130.5 |
| Median Home Price | $170,000 | $327,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $2200 |
| Average Rent (2 BR House) | $Data is updating | $2267 |
Housing Comparison: Boon vs Newark
- The median home price in Newark is higher at $327,000, compared to $170,000 in Boon.
- The rent for a two-bedroom apartment is equal in both Boon and Newark at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Boon | Newark |
|---|---|---|
| Electricity Price | $19.88 | $19.88 |
| Natural Gas Price | $15.42 | $14.01 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Boon vs Newark
- Electricity costs are the same in both Boon and Newark at $19.88 per kWh.
- Natural gas is more expensive in Boon at $15.42 per unit, while it is cheaper at $14.01 in Newark.
- Utility expenses are equal in both Boon and Newark averaging $0.0.