Cost of Living: Hanover, NH vs Ocean city, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover | Ocean city |
|---|---|---|
| Housing Index | 120.5 | Data is updating |
| Median Home Price | $401,000 | $600,000 |
| Average Rent (2 BR Apartment) | $1800 | $Data is updating |
| Average Rent (2 BR House) | $1840 | $Data is updating |
Housing Comparison: Hanover vs Ocean city
- The median home price in Ocean city is higher at $600,000, compared to $401,000 in Hanover.
- The rent for a two-bedroom apartment is equal in both Hanover and Ocean city at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hanover | Ocean city |
|---|---|---|
| Electricity Price | $22.44 | $19.88 |
| Natural Gas Price | $17.58 | $14.01 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Hanover vs Ocean city
- Electricity costs are higher in Hanover at $22.44 per kWh, compared to $19.88 in Ocean city.
- Natural gas is more expensive in Hanover at $17.58 per unit, while it is cheaper at $14.01 in Ocean city.
- Utility expenses are equal in both Hanover and Ocean city averaging $250.