Cost of Living: Elizabeth, NJ vs Franklin, WI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elizabeth | Franklin |
|---|---|---|
| Housing Index | 125.0 | 90.0 |
| Median Home Price | $293,000 | $305,000 |
| Average Rent (2 BR Apartment) | $2400 | $1200 |
| Average Rent (2 BR House) | $2400 | $1200 |
Housing Comparison: Elizabeth vs Franklin
- The median home price in Franklin is higher at $305,000, compared to $293,000 in Elizabeth.
- Renting a two-bedroom apartment costs more in Elizabeth at $2,400 than in Franklin at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Elizabeth | Franklin |
|---|---|---|
| Electricity Price | $19.88 | $17.6 |
| Natural Gas Price | $14.01 | $11.5 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Elizabeth vs Franklin
- Electricity costs are higher in Elizabeth at $19.88 per kWh, compared to $17.6 in Franklin.
- Natural gas is more expensive in Elizabeth at $14.01 per unit, while it is cheaper at $11.5 in Franklin.
- Utility expenses are equal in both Elizabeth and Franklin averaging $250.