Cost of Living: Jersey city, NJ vs Radford, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Jersey city | Radford |
|---|---|---|
| Housing Index | 145.0 | 90.0 |
| Median Home Price | $579,000 | $205,000 |
| Average Rent (2 BR Apartment) | $3200 | $1200 |
| Average Rent (2 BR House) | $2800 | $1360 |
Housing Comparison: Jersey city vs Radford
- In Jersey city, the median home price is higher at $579,000, while in Radford it is $205,000.
- Renting a two-bedroom apartment costs more in Jersey city at $3,200 than in Radford at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Jersey city | Radford |
|---|---|---|
| Electricity Price | $19.88 | $15.31 |
| Natural Gas Price | $14.01 | $19.91 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Jersey city vs Radford
- Electricity costs are higher in Jersey city at $19.88 per kWh, compared to $15.31 in Radford.
- Radford experiences higher natural gas costs at $19.91 per unit, with costs at $14.01 in Jersey city.
- Utility expenses are equal in both Jersey city and Radford averaging $250.