Cost of Living: Newark, NJ vs Warrenville, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Warrenville |
|---|---|---|
| Housing Index | 130.5 | 110.0 |
| Median Home Price | $327,000 | $305,000 |
| Average Rent (2 BR Apartment) | $2200 | $1800 |
| Average Rent (2 BR House) | $2267 | $1840 |
Housing Comparison: Newark vs Warrenville
- In Newark, the median home price is higher at $327,000, while in Warrenville it is $305,000.
- Renting a two-bedroom apartment costs more in Newark at $2,200 than in Warrenville at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newark | Warrenville |
|---|---|---|
| Electricity Price | $19.88 | $16.15 |
| Natural Gas Price | $14.01 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Newark vs Warrenville
- Electricity costs are higher in Newark at $19.88 per kWh, compared to $16.15 in Warrenville.
- Warrenville experiences higher natural gas costs at $16.59 per unit, with costs at $14.01 in Newark.
- Utility expenses are equal in both Newark and Warrenville averaging $250.