Cost of Living: Elizabeth, NJ vs Ripley, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elizabeth | Ripley |
|---|---|---|
| Housing Index | 125.0 | 85.0 |
| Median Home Price | $293,000 | $158,000 |
| Average Rent (2 BR Apartment) | $2400 | $1200 |
| Average Rent (2 BR House) | $2400 | $1360 |
Housing Comparison: Elizabeth vs Ripley
- In Elizabeth, the median home price is higher at $293,000, while in Ripley it is $158,000.
- Renting a two-bedroom apartment costs more in Elizabeth at $2,400 than in Ripley 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 | Elizabeth | Ripley |
|---|---|---|
| Electricity Price | $19.88 | $12.57 |
| Natural Gas Price | $14.01 | $12.35 |
| Other Utilities | $250 | $220 |
Utilities Comparison: Elizabeth vs Ripley
- Electricity costs are higher in Elizabeth at $19.88 per kWh, compared to $12.57 in Ripley.
- Natural gas is more expensive in Elizabeth at $14.01 per unit, while it is cheaper at $12.35 in Ripley.
- Other utility costs are higher in Elizabeth at an average of $250, compared to Ripley with $220.