Cost of Living: Draper, UT vs Elizabeth, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Draper | Elizabeth |
|---|---|---|
| Housing Index | 120.3 | 125.0 |
| Median Home Price | $487,500 | $293,000 |
| Average Rent (2 BR Apartment) | $1900 | $2400 |
| Average Rent (2 BR House) | $1938 | $2400 |
Housing Comparison: Draper vs Elizabeth
- In Draper, the median home price is higher at $487,500, while in Elizabeth it is $293,000.
- In Elizabeth, the rental for a two-bedroom apartment stands at $2,400, while it is $1,900 in Draper.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Draper | Elizabeth |
|---|---|---|
| Electricity Price | $11.5 | $19.88 |
| Natural Gas Price | $14 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Draper vs Elizabeth
- Elizabeth has higher electricity costs at $19.88 per kWh, versus $11.5 in Draper.
- Elizabeth experiences higher natural gas costs at $14.01 per unit, with costs at $14 in Draper.
- Utility expenses are equal in both Draper and Elizabeth averaging $250.