Cost of Living: Elizabeth, NJ vs Saratoga springs, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elizabeth | Saratoga springs |
|---|---|---|
| Housing Index | 125.0 | 120.0 |
| Median Home Price | $293,000 | $430,000 |
| Average Rent (2 BR Apartment) | $2400 | $2300 |
| Average Rent (2 BR House) | $2400 | $2400 |
Housing Comparison: Elizabeth vs Saratoga springs
- The median home price in Saratoga springs is higher at $430,000, compared to $293,000 in Elizabeth.
- Renting a two-bedroom apartment costs more in Elizabeth at $2,400 than in Saratoga springs at $2,300.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Elizabeth | Saratoga springs |
|---|---|---|
| Electricity Price | $19.88 | $26.08 |
| Natural Gas Price | $14.01 | $18.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Elizabeth vs Saratoga springs
- Saratoga springs has higher electricity costs at $26.08 per kWh, versus $19.88 in Elizabeth.
- Saratoga springs experiences higher natural gas costs at $18.13 per unit, with costs at $14.01 in Elizabeth.
- Utility expenses are equal in both Elizabeth and Saratoga springs averaging $250.