Cost of Living: Jersey city, NJ vs Gallatin, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Jersey city | Gallatin |
|---|---|---|
| Housing Index | 145.0 | 110.5 |
| Median Home Price | $579,000 | $398,000 |
| Average Rent (2 BR Apartment) | $3200 | $1500 |
| Average Rent (2 BR House) | $2800 | $1600 |
Housing Comparison: Jersey city vs Gallatin
- In Jersey city, the median home price is higher at $579,000, while in Gallatin it is $398,000.
- Renting a two-bedroom apartment costs more in Jersey city at $3,200 than in Gallatin at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Jersey city | Gallatin |
|---|---|---|
| Electricity Price | $19.88 | $12.57 |
| Natural Gas Price | $14.01 | $12.35 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Jersey city vs Gallatin
- Electricity costs are higher in Jersey city at $19.88 per kWh, compared to $12.57 in Gallatin.
- Natural gas is more expensive in Jersey city at $14.01 per unit, while it is cheaper at $12.35 in Gallatin.
- Utility expenses are equal in both Jersey city and Gallatin averaging $250.