Cost of Living: Newark, NJ vs Frisco, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Frisco |
|---|---|---|
| Housing Index | 130.5 | 125.0 |
| Median Home Price | $327,000 | $497,000 |
| Average Rent (2 BR Apartment) | $2200 | $2400 |
| Average Rent (2 BR House) | $2267 | $2480 |
Housing Comparison: Newark vs Frisco
- The median home price in Frisco is higher at $497,000, compared to $327,000 in Newark.
- In Frisco, the rental for a two-bedroom apartment stands at $2,400, while it is $2,200 in Newark.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newark | Frisco |
|---|---|---|
| Electricity Price | $19.88 | $14.47 |
| Natural Gas Price | $14.01 | $26.29 |
| Other Utilities | $250 | $275 |
Utilities Comparison: Newark vs Frisco
- Electricity costs are higher in Newark at $19.88 per kWh, compared to $14.47 in Frisco.
- Frisco experiences higher natural gas costs at $26.29 per unit, with costs at $14.01 in Newark.
- Frisco has higher utility expenses, averaging $275, while Newark averages $250.