Cost of Living: Princeton, NJ vs Baltimore, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Princeton | Baltimore |
|---|---|---|
| Housing Index | 125.0 | 125.0 |
| Median Home Price | $606,000 | $288,000 |
| Average Rent (2 BR Apartment) | $2600 | $2200 |
| Average Rent (2 BR House) | $2640 | $2240 |
Housing Comparison: Princeton vs Baltimore
- In Princeton, the median home price is higher at $606,000, while in Baltimore it is $288,000.
- Renting a two-bedroom apartment costs more in Princeton at $2,600 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 | Princeton | Baltimore |
|---|---|---|
| Electricity Price | $19.88 | $17.41 |
| Natural Gas Price | $14.01 | $18.44 |
| Other Utilities | $280 | $250 |
Utilities Comparison: Princeton vs Baltimore
- Electricity costs are higher in Princeton at $19.88 per kWh, compared to $17.41 in Baltimore.
- Baltimore experiences higher natural gas costs at $18.44 per unit, with costs at $14.01 in Princeton.
- Other utility costs are higher in Princeton at an average of $280, compared to Baltimore with $250.