Cost of Living: Monroe, NC vs Elizabeth, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Elizabeth |
|---|---|---|
| Housing Index | 115.0 | 125.0 |
| Median Home Price | $292,000 | $293,000 |
| Average Rent (2 BR Apartment) | $1300 | $2400 |
| Average Rent (2 BR House) | $1365 | $2400 |
Housing Comparison: Monroe vs Elizabeth
- The median home price in Elizabeth is higher at $293,000, compared to $292,000 in Monroe.
- In Elizabeth, the rental for a two-bedroom apartment stands at $2,400, while it is $1,300 in Monroe.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monroe | Elizabeth |
|---|---|---|
| Electricity Price | $13.72 | $19.88 |
| Natural Gas Price | $Data is updating | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monroe vs Elizabeth
- Elizabeth has higher electricity costs at $19.88 per kWh, versus $13.72 in Monroe.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Monroe and Elizabeth averaging $250.