Cost of Living: Memphis, TN vs West new york, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Memphis | West new york |
|---|---|---|
| Housing Index | 87.5 | Data is updating |
| Median Home Price | $185,000 | $475,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1256 | $Data is updating |
Housing Comparison: Memphis vs West new york
- The median home price in West new york is higher at $475,000, compared to $185,000 in Memphis.
- The rent for a two-bedroom apartment is equal in both Memphis and West new york 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 | Memphis | West new york |
|---|---|---|
| Electricity Price | $12.57 | $19.88 |
| Natural Gas Price | $12.35 | $14.01 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Memphis vs West new york
- West new york has higher electricity costs at $19.88 per kWh, versus $12.57 in Memphis.
- West new york experiences higher natural gas costs at $14.01 per unit, with costs at $12.35 in Memphis.
- Utility expenses are equal in both Memphis and West new york averaging $200.