Cost of Living: Altoona, IA vs Elizabeth, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Altoona | Elizabeth |
|---|---|---|
| Housing Index | 90.0 | 125.0 |
| Median Home Price | $218,000 | $293,000 |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1280 | $2400 |
Housing Comparison: Altoona vs Elizabeth
- The median home price in Elizabeth is higher at $293,000, compared to $218,000 in Altoona.
- In Elizabeth, the rental for a two-bedroom apartment stands at $2,400, while it is $1,200 in Altoona.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Altoona | Elizabeth |
|---|---|---|
| Electricity Price | $14.82 | $19.88 |
| Natural Gas Price | $15.61 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Altoona vs Elizabeth
- Elizabeth has higher electricity costs at $19.88 per kWh, versus $14.82 in Altoona.
- Natural gas is more expensive in Altoona at $15.61 per unit, while it is cheaper at $14.01 in Elizabeth.
- Utility expenses are equal in both Altoona and Elizabeth averaging $250.