Cost of Living: Irvine, CA vs Closter, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Irvine | Closter |
|---|---|---|
| Housing Index | 130.7 | 130.0 |
| Median Home Price | $1,181,909 | $664,000 |
| Average Rent (2 BR Apartment) | $3200 | $2800 |
| Average Rent (2 BR House) | $3360 | $2900 |
Housing Comparison: Irvine vs Closter
- In Irvine, the median home price is higher at $1,181,909, while in Closter it is $664,000.
- Renting a two-bedroom apartment costs more in Irvine at $3,200 than in Closter at $2,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Irvine | Closter |
|---|---|---|
| Electricity Price | $32.99 | $19.88 |
| Natural Gas Price | $16.99 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Irvine vs Closter
- Electricity costs are higher in Irvine at $32.99 per kWh, compared to $19.88 in Closter.
- Natural gas is more expensive in Irvine at $16.99 per unit, while it is cheaper at $14.01 in Closter.
- Utility expenses are equal in both Irvine and Closter averaging $250.