Cost of Living: Elizabeth, NJ vs Madison, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elizabeth | Madison |
|---|---|---|
| Housing Index | 125.0 | 110.0 |
| Median Home Price | $293,000 | $281,000 |
| Average Rent (2 BR Apartment) | $2400 | $1200 |
| Average Rent (2 BR House) | $2400 | $1280 |
Housing Comparison: Elizabeth vs Madison
- In Elizabeth, the median home price is higher at $293,000, while in Madison it is $281,000.
- Renting a two-bedroom apartment costs more in Elizabeth at $2,400 than in Madison 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 | Madison |
|---|---|---|
| Electricity Price | $19.88 | $13.42 |
| Natural Gas Price | $14.01 | $22.19 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Elizabeth vs Madison
- Electricity costs are higher in Elizabeth at $19.88 per kWh, compared to $13.42 in Madison.
- Madison experiences higher natural gas costs at $22.19 per unit, with costs at $14.01 in Elizabeth.
- Utility expenses are equal in both Elizabeth and Madison averaging $250.