Cost of Living: Newark, NJ vs Edgefield, SC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Edgefield |
|---|---|---|
| Housing Index | 130.5 | Data is updating |
| Median Home Price | $327,000 | $225,000 |
| Average Rent (2 BR Apartment) | $2200 | $Data is updating |
| Average Rent (2 BR House) | $2267 | $Data is updating |
Housing Comparison: Newark vs Edgefield
- In Newark, the median home price is higher at $327,000, while in Edgefield it is $225,000.
- The rent for a two-bedroom apartment is equal in both Newark and Edgefield at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newark | Edgefield |
|---|---|---|
| Electricity Price | $19.88 | $14.18 |
| Natural Gas Price | $14.01 | $23.51 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Newark vs Edgefield
- Electricity costs are higher in Newark at $19.88 per kWh, compared to $14.18 in Edgefield.
- Edgefield experiences higher natural gas costs at $23.51 per unit, with costs at $14.01 in Newark.
- Utility expenses are equal in both Newark and Edgefield averaging $250.