Cost of Living: West memphis, AR vs Newark, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | West memphis | Newark |
|---|---|---|
| Housing Index | 90.0 | 130.5 |
| Median Home Price | $124,000 | $327,000 |
| Average Rent (2 BR Apartment) | $800 | $2200 |
| Average Rent (2 BR House) | $856 | $2267 |
Housing Comparison: West memphis vs Newark
- The median home price in Newark is higher at $327,000, compared to $124,000 in West memphis.
- Renting a two-bedroom apartment costs more in West memphis at $800 than in Newark 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 | West memphis | Newark |
|---|---|---|
| Electricity Price | $12.36 | $19.88 |
| Natural Gas Price | $17.08 | $14.01 |
| Other Utilities | $150 | $250 |
Utilities Comparison: West memphis vs Newark
- Newark has higher electricity costs at $19.88 per kWh, versus $12.36 in West memphis.
- Natural gas is more expensive in West memphis at $17.08 per unit, while it is cheaper at $14.01 in Newark.
- Newark has higher utility expenses, averaging $250, while West memphis averages $150.