Cost of Living: Lake zurich, IL vs Ridgewood, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lake zurich | Ridgewood |
|---|---|---|
| Housing Index | 115.0 | 120.0 |
| Median Home Price | $437,200 | $978,500 |
| Average Rent (2 BR Apartment) | $1800 | $2200 |
| Average Rent (2 BR House) | $1900 | $2250 |
Housing Comparison: Lake zurich vs Ridgewood
- The median home price in Ridgewood is higher at $978,500, compared to $437,200 in Lake zurich.
- In Ridgewood, the rental for a two-bedroom apartment stands at $2,200, while it is $1,800 in Lake zurich.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lake zurich | Ridgewood |
|---|---|---|
| Electricity Price | $16.15 | $19.88 |
| Natural Gas Price | $16.59 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lake zurich vs Ridgewood
- Ridgewood has higher electricity costs at $19.88 per kWh, versus $16.15 in Lake zurich.
- Natural gas is more expensive in Lake zurich at $16.59 per unit, while it is cheaper at $14.01 in Ridgewood.
- Utility expenses are equal in both Lake zurich and Ridgewood averaging $250.