Cost of Living: Newark valley, NY vs Hammonton, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark valley | Hammonton |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $145,000 | $350,000 |
| Average Rent (2 BR Apartment) | $1200 | $1600 |
| Average Rent (2 BR House) | $1280 | $1640 |
Housing Comparison: Newark valley vs Hammonton
- The median home price in Hammonton is higher at $350,000, compared to $145,000 in Newark valley.
- In Hammonton, the rental for a two-bedroom apartment stands at $1,600, while it is $1,200 in Newark valley.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newark valley | Hammonton |
|---|---|---|
| Electricity Price | $26.08 | $19.88 |
| Natural Gas Price | $18.13 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Newark valley vs Hammonton
- Electricity costs are higher in Newark valley at $26.08 per kWh, compared to $19.88 in Hammonton.
- Natural gas is more expensive in Newark valley at $18.13 per unit, while it is cheaper at $14.01 in Hammonton.
- Utility expenses are equal in both Newark valley and Hammonton averaging $250.