Cost of Living: Newark, NJ vs New bern, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | New bern |
|---|---|---|
| Housing Index | 130.5 | Data is updating |
| Median Home Price | $327,000 | $271,000 |
| Average Rent (2 BR Apartment) | $2200 | $Data is updating |
| Average Rent (2 BR House) | $2267 | $Data is updating |
Housing Comparison: Newark vs New bern
- In Newark, the median home price is higher at $327,000, while in New bern it is $271,000.
- The rent for a two-bedroom apartment is equal in both Newark and New bern 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 | New bern |
|---|---|---|
| Electricity Price | $19.88 | $13.72 |
| Natural Gas Price | $14.01 | $Data is updating |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Newark vs New bern
- Electricity costs are higher in Newark at $19.88 per kWh, compared to $13.72 in New bern.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Newark and New bern averaging $250.