Cost of Living: Belmont, CA vs Elizabeth, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Belmont | Elizabeth |
|---|---|---|
| Housing Index | 165.0 | 125.0 |
| Median Home Price | $1,360,000 | $293,000 |
| Average Rent (2 BR Apartment) | $3200 | $2400 |
| Average Rent (2 BR House) | $3400 | $2400 |
Housing Comparison: Belmont vs Elizabeth
- In Belmont, the median home price is higher at $1,360,000, while in Elizabeth it is $293,000.
- Renting a two-bedroom apartment costs more in Belmont at $3,200 than in Elizabeth at $2,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Belmont | Elizabeth |
|---|---|---|
| Electricity Price | $32.99 | $19.88 |
| Natural Gas Price | $16.99 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Belmont vs Elizabeth
- Electricity costs are higher in Belmont at $32.99 per kWh, compared to $19.88 in Elizabeth.
- Natural gas is more expensive in Belmont at $16.99 per unit, while it is cheaper at $14.01 in Elizabeth.
- Utility expenses are equal in both Belmont and Elizabeth averaging $250.