Cost of Living: Minot, ND vs Ridgewood, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Minot | Ridgewood |
|---|---|---|
| Housing Index | 90.0 | 120.0 |
| Median Home Price | $273,000 | $978,500 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1300 | $2250 |
Housing Comparison: Minot vs Ridgewood
- The median home price in Ridgewood is higher at $978,500, compared to $273,000 in Minot.
- In Ridgewood, the rental for a two-bedroom apartment stands at $2,200, while it is $1,200 in Minot.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Minot | Ridgewood |
|---|---|---|
| Electricity Price | $13.65 | $19.88 |
| Natural Gas Price | $10.8 | $14.01 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Minot vs Ridgewood
- Ridgewood has higher electricity costs at $19.88 per kWh, versus $13.65 in Minot.
- Ridgewood experiences higher natural gas costs at $14.01 per unit, with costs at $10.8 in Minot.
- Ridgewood has higher utility expenses, averaging $250, while Minot averages $200.