Cost of Living: Newark, NJ vs Minot, ND
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Minot |
|---|---|---|
| Housing Index | 130.5 | 90.0 |
| Median Home Price | $327,000 | $273,000 |
| Average Rent (2 BR Apartment) | $2200 | $1200 |
| Average Rent (2 BR House) | $2267 | $1300 |
Housing Comparison: Newark vs Minot
- In Newark, the median home price is higher at $327,000, while in Minot it is $273,000.
- Renting a two-bedroom apartment costs more in Newark at $2,200 than in Minot at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newark | Minot |
|---|---|---|
| Electricity Price | $19.88 | $13.65 |
| Natural Gas Price | $14.01 | $10.8 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Newark vs Minot
- Electricity costs are higher in Newark at $19.88 per kWh, compared to $13.65 in Minot.
- Natural gas is more expensive in Newark at $14.01 per unit, while it is cheaper at $10.8 in Minot.
- Other utility costs are higher in Newark at an average of $250, compared to Minot with $200.