Cost of Living: Covington, KY vs Trenton, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Covington | Trenton |
|---|---|---|
| Housing Index | 115.0 | 110.0 |
| Median Home Price | $215,000 | $271,000 |
| Average Rent (2 BR Apartment) | $1200 | $2000 |
| Average Rent (2 BR House) | $1250 | $2240 |
Housing Comparison: Covington vs Trenton
- The median home price in Trenton is higher at $271,000, compared to $215,000 in Covington.
- In Trenton, the rental for a two-bedroom apartment stands at $2,000, while it is $1,200 in Covington.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Covington | Trenton |
|---|---|---|
| Electricity Price | $12.87 | $19.88 |
| Natural Gas Price | $22.78 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Covington vs Trenton
- Trenton has higher electricity costs at $19.88 per kWh, versus $12.87 in Covington.
- Natural gas is more expensive in Covington at $22.78 per unit, while it is cheaper at $14.01 in Trenton.
- Utility expenses are equal in both Covington and Trenton averaging $250.