Cost of Living: Damariscotta, ME vs Elizabeth, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Damariscotta | Elizabeth |
|---|---|---|
| Housing Index | 120.0 | 125.0 |
| Median Home Price | $318,000 | $293,000 |
| Average Rent (2 BR Apartment) | $1600 | $2400 |
| Average Rent (2 BR House) | $1640 | $2400 |
Housing Comparison: Damariscotta vs Elizabeth
- In Damariscotta, the median home price is higher at $318,000, while in Elizabeth it is $293,000.
- In Elizabeth, the rental for a two-bedroom apartment stands at $2,400, while it is $1,600 in Damariscotta.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Damariscotta | Elizabeth |
|---|---|---|
| Electricity Price | $22.26 | $19.88 |
| Natural Gas Price | $21.63 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Damariscotta vs Elizabeth
- Electricity costs are higher in Damariscotta at $22.26 per kWh, compared to $19.88 in Elizabeth.
- Natural gas is more expensive in Damariscotta at $21.63 per unit, while it is cheaper at $14.01 in Elizabeth.
- Utility expenses are equal in both Damariscotta and Elizabeth averaging $250.