Cost of Living: Newark, OH vs Lake zurich, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Lake zurich |
|---|---|---|
| Housing Index | 85.0 | 115.0 |
| Median Home Price | $176,250 | $437,200 |
| Average Rent (2 BR Apartment) | $1120 | $1800 |
| Average Rent (2 BR House) | $1136 | $1900 |
Housing Comparison: Newark vs Lake zurich
- The median home price in Lake zurich is higher at $437,200, compared to $176,250 in Newark.
- In Lake zurich, the rental for a two-bedroom apartment stands at $1,800, while it is $1,120 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 | Lake zurich |
|---|---|---|
| Electricity Price | $15.92 | $16.15 |
| Natural Gas Price | $Data is updating | $16.59 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Newark vs Lake zurich
- Lake zurich has higher electricity costs at $16.15 per kWh, versus $15.92 in Newark.
- Natural gas price data is currently unavailable.
- Lake zurich has higher utility expenses, averaging $250, while Newark averages $220.