Cost of Living: Lavon, TX vs Newark, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lavon | Newark |
|---|---|---|
| Housing Index | Data is updating | 130.5 |
| Median Home Price | $357,000 | $327,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $2200 |
| Average Rent (2 BR House) | $Data is updating | $2267 |
Housing Comparison: Lavon vs Newark
- In Lavon, the median home price is higher at $357,000, while in Newark it is $327,000.
- The rent for a two-bedroom apartment is equal in both Lavon and Newark at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lavon | Newark |
|---|---|---|
| Electricity Price | $14.47 | $19.88 |
| Natural Gas Price | $26.29 | $14.01 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Lavon vs Newark
- Newark has higher electricity costs at $19.88 per kWh, versus $14.47 in Lavon.
- Natural gas is more expensive in Lavon at $26.29 per unit, while it is cheaper at $14.01 in Newark.
- Utility expenses are equal in both Lavon and Newark averaging $0.0.