Cost of Living: Loves park, IL vs Newton, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Loves park | Newton |
|---|---|---|
| Housing Index | 80.0 | 140.0 |
| Median Home Price | $213,000 | $1,449,000 |
| Average Rent (2 BR Apartment) | $1200 | $3100 |
| Average Rent (2 BR House) | $1600 | $3200 |
Housing Comparison: Loves park vs Newton
- The median home price in Newton is higher at $1,449,000, compared to $213,000 in Loves park.
- In Newton, the rental for a two-bedroom apartment stands at $3,100, while it is $1,200 in Loves park.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Loves park | Newton |
|---|---|---|
| Electricity Price | $16.15 | $28.15 |
| Natural Gas Price | $16.59 | $21.62 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Loves park vs Newton
- Newton has higher electricity costs at $28.15 per kWh, versus $16.15 in Loves park.
- Newton experiences higher natural gas costs at $21.62 per unit, with costs at $16.59 in Loves park.
- Utility expenses are equal in both Loves park and Newton averaging $250.