Cost of Living: Elizabeth, NJ vs Hanford, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elizabeth | Hanford |
|---|---|---|
| Housing Index | 125.0 | 110.0 |
| Median Home Price | $293,000 | $283,000 |
| Average Rent (2 BR Apartment) | $2400 | $1800 |
| Average Rent (2 BR House) | $2400 | $1840 |
Housing Comparison: Elizabeth vs Hanford
- In Elizabeth, the median home price is higher at $293,000, while in Hanford it is $283,000.
- Renting a two-bedroom apartment costs more in Elizabeth at $2,400 than in Hanford at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Elizabeth | Hanford |
|---|---|---|
| Electricity Price | $19.88 | $32.99 |
| Natural Gas Price | $14.01 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Elizabeth vs Hanford
- Hanford has higher electricity costs at $32.99 per kWh, versus $19.88 in Elizabeth.
- Hanford experiences higher natural gas costs at $16.99 per unit, with costs at $14.01 in Elizabeth.
- Utility expenses are equal in both Elizabeth and Hanford averaging $250.