Cost of Living: New york, NY vs Los angeles, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | New york | Los angeles |
|---|---|---|
| Housing Index | 125.0 | 140.0 |
| Median Home Price | $800,000 | $837,000 |
| Average Rent (2 BR Apartment) | $2800 | $3200 |
| Average Rent (2 BR House) | $2880 | $3200 |
Housing Comparison: New york vs Los angeles
- The median home price in Los angeles is higher at $837,000, compared to $800,000 in New york.
- In Los angeles, the rental for a two-bedroom apartment stands at $3,200, while it is $2,800 in New york.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | New york | Los angeles |
|---|---|---|
| Electricity Price | $26.08 | $32.99 |
| Natural Gas Price | $18.13 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: New york vs Los angeles
- Los angeles has higher electricity costs at $32.99 per kWh, versus $26.08 in New york.
- Natural gas is more expensive in New york at $18.13 per unit, while it is cheaper at $16.99 in Los angeles.
- Utility expenses are equal in both New york and Los angeles averaging $250.