Cost of Living: Monroe, MI vs Riverdale, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Riverdale |
|---|---|---|
| Housing Index | 90.4 | 120.0 |
| Median Home Price | $163,000 | $467,000 |
| Average Rent (2 BR Apartment) | $900 | $2100 |
| Average Rent (2 BR House) | $1000 | $2150 |
Housing Comparison: Monroe vs Riverdale
- The median home price in Riverdale is higher at $467,000, compared to $163,000 in Monroe.
- Renting a two-bedroom apartment costs more in Monroe at $900 than in Riverdale at $2,100.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monroe | Riverdale |
|---|---|---|
| Electricity Price | $19.88 | $19.88 |
| Natural Gas Price | $15.42 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monroe vs Riverdale
- Electricity costs are the same in both Monroe and Riverdale at $19.88 per kWh.
- Natural gas is more expensive in Monroe at $15.42 per unit, while it is cheaper at $14.01 in Riverdale.
- Utility expenses are equal in both Monroe and Riverdale averaging $250.