Cost of Living: Elgin, IL vs Ocean city, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elgin | Ocean city |
|---|---|---|
| Housing Index | 115.0 | Data is updating |
| Median Home Price | $292,000 | $600,000 |
| Average Rent (2 BR Apartment) | $1600 | $Data is updating |
| Average Rent (2 BR House) | $1650 | $Data is updating |
Housing Comparison: Elgin vs Ocean city
- The median home price in Ocean city is higher at $600,000, compared to $292,000 in Elgin.
- The rent for a two-bedroom apartment is equal in both Elgin and Ocean city at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Elgin | Ocean city |
|---|---|---|
| Electricity Price | $16.15 | $19.88 |
| Natural Gas Price | $16.59 | $14.01 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Elgin vs Ocean city
- Ocean city has higher electricity costs at $19.88 per kWh, versus $16.15 in Elgin.
- Natural gas is more expensive in Elgin at $16.59 per unit, while it is cheaper at $14.01 in Ocean city.
- Utility expenses are equal in both Elgin and Ocean city averaging $250.