Cost of Living: Hope mills, NC vs Lyndhurst, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hope mills | Lyndhurst |
|---|---|---|
| Housing Index | 90.0 | 120.0 |
| Median Home Price | $279,000 | $485,000 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1360 | $2256 |
Housing Comparison: Hope mills vs Lyndhurst
- The median home price in Lyndhurst is higher at $485,000, compared to $279,000 in Hope mills.
- In Lyndhurst, the rental for a two-bedroom apartment stands at $2,200, while it is $1,200 in Hope mills.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hope mills | Lyndhurst |
|---|---|---|
| Electricity Price | $13.72 | $19.88 |
| Natural Gas Price | $Data is updating | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Hope mills vs Lyndhurst
- Lyndhurst has higher electricity costs at $19.88 per kWh, versus $13.72 in Hope mills.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Hope mills and Lyndhurst averaging $250.