Cost of Living: New bedford, MA vs Pompton lakes, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | New bedford | Pompton lakes |
|---|---|---|
| Housing Index | 105.0 | 120.0 |
| Median Home Price | $405,000 | $450,000 |
| Average Rent (2 BR Apartment) | $1800 | $2300 |
| Average Rent (2 BR House) | $1856 | $2400 |
Housing Comparison: New bedford vs Pompton lakes
- The median home price in Pompton lakes is higher at $450,000, compared to $405,000 in New bedford.
- In Pompton lakes, the rental for a two-bedroom apartment stands at $2,300, while it is $1,800 in New bedford.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | New bedford | Pompton lakes |
|---|---|---|
| Electricity Price | $28.15 | $19.88 |
| Natural Gas Price | $21.62 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: New bedford vs Pompton lakes
- Electricity costs are higher in New bedford at $28.15 per kWh, compared to $19.88 in Pompton lakes.
- Natural gas is more expensive in New bedford at $21.62 per unit, while it is cheaper at $14.01 in Pompton lakes.
- Utility expenses are equal in both New bedford and Pompton lakes averaging $250.