Cost of Living: Newark, NJ vs Fort mill, SC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Fort mill |
|---|---|---|
| Housing Index | 130.5 | 110.5 |
| Median Home Price | $327,000 | $327,500 |
| Average Rent (2 BR Apartment) | $2200 | $1800 |
| Average Rent (2 BR House) | $2267 | $1936 |
Housing Comparison: Newark vs Fort mill
- The median home price in Fort mill is higher at $327,500, compared to $327,000 in Newark.
- Renting a two-bedroom apartment costs more in Newark at $2,200 than in Fort mill at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newark | Fort mill |
|---|---|---|
| Electricity Price | $19.88 | $14.18 |
| Natural Gas Price | $14.01 | $23.51 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Newark vs Fort mill
- Electricity costs are higher in Newark at $19.88 per kWh, compared to $14.18 in Fort mill.
- Fort mill 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 Fort mill averaging $250.