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.