Cost of Living: Chesapeake, VA vs Ocean city, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Chesapeake | Ocean city |
|---|---|---|
| Housing Index | 110.0 | Data is updating |
| Median Home Price | $347,000 | $600,000 |
| Average Rent (2 BR Apartment) | $1800 | $Data is updating |
| Average Rent (2 BR House) | $1840 | $Data is updating |
Housing Comparison: Chesapeake vs Ocean city
- The median home price in Ocean city is higher at $600,000, compared to $347,000 in Chesapeake.
- The rent for a two-bedroom apartment is equal in both Chesapeake and Ocean city at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Chesapeake | Ocean city |
|---|---|---|
| Electricity Price | $15.31 | $19.88 |
| Natural Gas Price | $19.91 | $14.01 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Chesapeake vs Ocean city
- Ocean city has higher electricity costs at $19.88 per kWh, versus $15.31 in Chesapeake.
- Natural gas is more expensive in Chesapeake at $19.91 per unit, while it is cheaper at $14.01 in Ocean city.
- Utility expenses are equal in both Chesapeake and Ocean city averaging $250.