Cost of Living: Farmington, NM vs Newark, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Farmington | Newark |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $234,000 | $176,250 |
| Average Rent (2 BR Apartment) | $1200 | $1120 |
| Average Rent (2 BR House) | $1280 | $1136 |
Housing Comparison: Farmington vs Newark
- In Farmington, the median home price is higher at $234,000, while in Newark it is $176,250.
- Renting a two-bedroom apartment costs more in Farmington at $1,200 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 | Farmington | Newark |
|---|---|---|
| Electricity Price | $14.44 | $15.92 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $250 | $220 |
Utilities Comparison: Farmington vs Newark
- Newark has higher electricity costs at $15.92 per kWh, versus $14.44 in Farmington.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Farmington at an average of $250, compared to Newark with $220.