Cost of Living: Fort smith, AR vs Elizabeth, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fort smith | Elizabeth |
|---|---|---|
| Housing Index | 85.0 | 125.0 |
| Median Home Price | $200,000 | $293,000 |
| Average Rent (2 BR Apartment) | $1000 | $2400 |
| Average Rent (2 BR House) | $1200 | $2400 |
Housing Comparison: Fort smith vs Elizabeth
- The median home price in Elizabeth is higher at $293,000, compared to $200,000 in Fort smith.
- In Elizabeth, the rental for a two-bedroom apartment stands at $2,400, while it is $1,000 in Fort smith.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Fort smith | Elizabeth |
|---|---|---|
| Electricity Price | $12.36 | $19.88 |
| Natural Gas Price | $17.08 | $14.01 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Fort smith vs Elizabeth
- Elizabeth has higher electricity costs at $19.88 per kWh, versus $12.36 in Fort smith.
- Natural gas is more expensive in Fort smith at $17.08 per unit, while it is cheaper at $14.01 in Elizabeth.
- Elizabeth has higher utility expenses, averaging $250, while Fort smith averages $200.