Cost of Living: Newark, NJ vs Edmonds, WA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Edmonds |
|---|---|---|
| Housing Index | 130.5 | 115.0 |
| Median Home Price | $327,000 | $640,000 |
| Average Rent (2 BR Apartment) | $2200 | $2200 |
| Average Rent (2 BR House) | $2267 | $2240 |
Housing Comparison: Newark vs Edmonds
- The median home price in Edmonds is higher at $640,000, compared to $327,000 in Newark.
- The rent for a two-bedroom apartment is equal in both Newark and Edmonds 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 | Edmonds |
|---|---|---|
| Electricity Price | $19.88 | $12.34 |
| Natural Gas Price | $14.01 | $18.14 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Newark vs Edmonds
- Electricity costs are higher in Newark at $19.88 per kWh, compared to $12.34 in Edmonds.
- Edmonds experiences higher natural gas costs at $18.14 per unit, with costs at $14.01 in Newark.
- Utility expenses are equal in both Newark and Edmonds averaging $250.