Cost of Living: Anchorage, AK vs Newark, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Anchorage | Newark |
|---|---|---|
| Housing Index | 120.0 | 130.5 |
| Median Home Price | $395,000 | $327,000 |
| Average Rent (2 BR Apartment) | $1800 | $2200 |
| Average Rent (2 BR House) | $1920 | $2267 |
Housing Comparison: Anchorage vs Newark
- In Anchorage, the median home price is higher at $395,000, while in Newark it is $327,000.
- In Newark, the rental for a two-bedroom apartment stands at $2,200, while it is $1,800 in Anchorage.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Anchorage | Newark |
|---|---|---|
| Electricity Price | $25.4 | $19.88 |
| Natural Gas Price | $12.01 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Anchorage vs Newark
- Electricity costs are higher in Anchorage at $25.4 per kWh, compared to $19.88 in Newark.
- Newark experiences higher natural gas costs at $14.01 per unit, with costs at $12.01 in Anchorage.
- Utility expenses are equal in both Anchorage and Newark averaging $250.