Cost of Living: Newark, NJ vs Lynnwood, WA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Lynnwood |
|---|---|---|
| Housing Index | 130.5 | 120.5 |
| Median Home Price | $327,000 | $693,000 |
| Average Rent (2 BR Apartment) | $2200 | $2300 |
| Average Rent (2 BR House) | $2267 | $2400 |
Housing Comparison: Newark vs Lynnwood
- The median home price in Lynnwood is higher at $693,000, compared to $327,000 in Newark.
- In Lynnwood, the rental for a two-bedroom apartment stands at $2,300, 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 | Lynnwood |
|---|---|---|
| Electricity Price | $19.88 | $12.34 |
| Natural Gas Price | $14.01 | $18.14 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Newark vs Lynnwood
- Electricity costs are higher in Newark at $19.88 per kWh, compared to $12.34 in Lynnwood.
- Lynnwood 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 Lynnwood averaging $250.