Cost of Living: Carmel, IN vs Jersey city, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Carmel | Jersey city |
|---|---|---|
| Housing Index | 120.5 | 145.0 |
| Median Home Price | $396,000 | $579,000 |
| Average Rent (2 BR Apartment) | $1800 | $3200 |
| Average Rent (2 BR House) | $1830 | $2800 |
Housing Comparison: Carmel vs Jersey city
- The median home price in Jersey city is higher at $579,000, compared to $396,000 in Carmel.
- In Jersey city, the rental for a two-bedroom apartment stands at $3,200, while it is $1,800 in Carmel.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Carmel | Jersey city |
|---|---|---|
| Electricity Price | $14.89 | $19.88 |
| Natural Gas Price | $Data is updating | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Carmel vs Jersey city
- Jersey city has higher electricity costs at $19.88 per kWh, versus $14.89 in Carmel.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Carmel and Jersey city averaging $250.