Cost of Living: Newark, NJ vs Parsons, KS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Parsons |
|---|---|---|
| Housing Index | 130.5 | 85.0 |
| Median Home Price | $327,000 | $134,000 |
| Average Rent (2 BR Apartment) | $2200 | $1200 |
| Average Rent (2 BR House) | $2267 | $1200 |
Housing Comparison: Newark vs Parsons
- In Newark, the median home price is higher at $327,000, while in Parsons it is $134,000.
- Renting a two-bedroom apartment costs more in Newark at $2,200 than in Parsons 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 | Parsons |
|---|---|---|
| Electricity Price | $19.88 | $14.22 |
| Natural Gas Price | $14.01 | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Newark vs Parsons
- Electricity costs are higher in Newark at $19.88 per kWh, compared to $14.22 in Parsons.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Newark at an average of $250, compared to Parsons with $200.