Cost of Living: Franklin, IN vs Hackensack, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Franklin | Hackensack |
|---|---|---|
| Housing Index | 85.0 | 125.0 |
| Median Home Price | $245,000 | $493,500 |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1272 | $2480 |
Housing Comparison: Franklin vs Hackensack
- The median home price in Hackensack is higher at $493,500, compared to $245,000 in Franklin.
- In Hackensack, the rental for a two-bedroom apartment stands at $2,400, while it is $1,200 in Franklin.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Franklin | Hackensack |
|---|---|---|
| Electricity Price | $14.89 | $19.88 |
| Natural Gas Price | $Data is updating | $14.01 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Franklin vs Hackensack
- Hackensack has higher electricity costs at $19.88 per kWh, versus $14.89 in Franklin.
- Natural gas price data is currently unavailable.
- Hackensack has higher utility expenses, averaging $280, while Franklin averages $250.