Cost of Living: Kearny, NJ vs Palatine, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Kearny | Palatine |
|---|---|---|
| Housing Index | 115.2 | 110.0 |
| Median Home Price | $402,500 | $316,000 |
| Average Rent (2 BR Apartment) | $2300 | $1800 |
| Average Rent (2 BR House) | $2400 | $1840 |
Housing Comparison: Kearny vs Palatine
- In Kearny, the median home price is higher at $402,500, while in Palatine it is $316,000.
- Renting a two-bedroom apartment costs more in Kearny at $2,300 than in Palatine 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 | Kearny | Palatine |
|---|---|---|
| Electricity Price | $19.88 | $16.15 |
| Natural Gas Price | $14.01 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Kearny vs Palatine
- Electricity costs are higher in Kearny at $19.88 per kWh, compared to $16.15 in Palatine.
- Palatine experiences higher natural gas costs at $16.59 per unit, with costs at $14.01 in Kearny.
- Utility expenses are equal in both Kearny and Palatine averaging $250.