Cost of Living: Erie, CO vs Newark, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Erie | Newark |
|---|---|---|
| Housing Index | 120.5 | 85.0 |
| Median Home Price | $574,000 | $176,250 |
| Average Rent (2 BR Apartment) | $2300 | $1120 |
| Average Rent (2 BR House) | $2400 | $1136 |
Housing Comparison: Erie vs Newark
- In Erie, the median home price is higher at $574,000, while in Newark it is $176,250.
- Renting a two-bedroom apartment costs more in Erie at $2,300 than in Newark at $1,120.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Erie | Newark |
|---|---|---|
| Electricity Price | $15.21 | $15.92 |
| Natural Gas Price | $11.3 | $Data is updating |
| Other Utilities | $275 | $220 |
Utilities Comparison: Erie vs Newark
- Newark has higher electricity costs at $15.92 per kWh, versus $15.21 in Erie.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Erie at an average of $275, compared to Newark with $220.