Cost of Living: Central city, KY vs Jersey city, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Central city | Jersey city |
|---|---|---|
| Housing Index | 90.0 | 145.0 |
| Median Home Price | $117,000 | $579,000 |
| Average Rent (2 BR Apartment) | $1500 | $3200 |
| Average Rent (2 BR House) | $1600 | $2800 |
Housing Comparison: Central city vs Jersey city
- The median home price in Jersey city is higher at $579,000, compared to $117,000 in Central city.
- In Jersey city, the rental for a two-bedroom apartment stands at $3,200, while it is $1,500 in Central city.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Central city | Jersey city |
|---|---|---|
| Electricity Price | $12.87 | $19.88 |
| Natural Gas Price | $22.78 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Central city vs Jersey city
- Jersey city has higher electricity costs at $19.88 per kWh, versus $12.87 in Central city.
- Natural gas is more expensive in Central city at $22.78 per unit, while it is cheaper at $14.01 in Jersey city.
- Utility expenses are equal in both Central city and Jersey city averaging $250.