Cost of Living: Champaign, IL vs Newark, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Champaign | Newark |
|---|---|---|
| Housing Index | 90.0 | 130.5 |
| Median Home Price | $264,000 | $327,000 |
| Average Rent (2 BR Apartment) | $1100 | $2200 |
| Average Rent (2 BR House) | $1120 | $2267 |
Housing Comparison: Champaign vs Newark
- The median home price in Newark is higher at $327,000, compared to $264,000 in Champaign.
- In Newark, the rental for a two-bedroom apartment stands at $2,200, while it is $1,100 in Champaign.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Champaign | Newark |
|---|---|---|
| Electricity Price | $16.15 | $19.88 |
| Natural Gas Price | $16.59 | $14.01 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Champaign vs Newark
- Newark has higher electricity costs at $19.88 per kWh, versus $16.15 in Champaign.
- Natural gas is more expensive in Champaign at $16.59 per unit, while it is cheaper at $14.01 in Newark.
- Newark has higher utility expenses, averaging $250, while Champaign averages $150.