Cost of Living: Nashua, NH vs Newark, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Nashua | Newark |
|---|---|---|
| Housing Index | 115.0 | 130.5 |
| Median Home Price | $430,000 | $327,000 |
| Average Rent (2 BR Apartment) | $1900 | $2200 |
| Average Rent (2 BR House) | $1960 | $2267 |
Housing Comparison: Nashua vs Newark
- In Nashua, the median home price is higher at $430,000, while in Newark it is $327,000.
- In Newark, the rental for a two-bedroom apartment stands at $2,200, while it is $1,900 in Nashua.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Nashua | Newark |
|---|---|---|
| Electricity Price | $22.44 | $19.88 |
| Natural Gas Price | $17.58 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Nashua vs Newark
- Electricity costs are higher in Nashua at $22.44 per kWh, compared to $19.88 in Newark.
- Natural gas is more expensive in Nashua at $17.58 per unit, while it is cheaper at $14.01 in Newark.
- Utility expenses are equal in both Nashua and Newark averaging $250.