Cost of Living: New hope, PA vs Baltimore, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | New hope | Baltimore |
|---|---|---|
| Housing Index | 120.0 | 125.0 |
| Median Home Price | $382,000 | $288,000 |
| Average Rent (2 BR Apartment) | $2400 | $2200 |
| Average Rent (2 BR House) | $2440 | $2240 |
Housing Comparison: New hope vs Baltimore
- In New hope, the median home price is higher at $382,000, while in Baltimore it is $288,000.
- Renting a two-bedroom apartment costs more in New hope at $2,400 than in Baltimore 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 | New hope | Baltimore |
|---|---|---|
| Electricity Price | $17.68 | $17.41 |
| Natural Gas Price | $17.61 | $18.44 |
| Other Utilities | $250 | $250 |
Utilities Comparison: New hope vs Baltimore
- Electricity costs are higher in New hope at $17.68 per kWh, compared to $17.41 in Baltimore.
- Baltimore experiences higher natural gas costs at $18.44 per unit, with costs at $17.61 in New hope.
- Utility expenses are equal in both New hope and Baltimore averaging $250.