Cost of Living: Wanaque, NJ vs Milford, CT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Wanaque | Milford |
|---|---|---|
| Housing Index | 120.5 | 125.0 |
| Median Home Price | $375,000 | $376,000 |
| Average Rent (2 BR Apartment) | $2200 | $2200 |
| Average Rent (2 BR House) | $2250 | $2250 |
Housing Comparison: Wanaque vs Milford
- The median home price in Milford is higher at $376,000, compared to $375,000 in Wanaque.
- The rent for a two-bedroom apartment is equal in both Wanaque and Milford 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 | Wanaque | Milford |
|---|---|---|
| Electricity Price | $19.88 | $26 |
| Natural Gas Price | $14.01 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Wanaque vs Milford
- Milford has higher electricity costs at $26 per kWh, versus $19.88 in Wanaque.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Wanaque and Milford averaging $250.