Cost of Living: Newark, OH vs Norwalk, CT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Norwalk |
|---|---|---|
| Housing Index | 85.0 | 125.0 |
| Median Home Price | $176,250 | $486,500 |
| Average Rent (2 BR Apartment) | $1120 | $2400 |
| Average Rent (2 BR House) | $1136 | $2450 |
Housing Comparison: Newark vs Norwalk
- The median home price in Norwalk is higher at $486,500, compared to $176,250 in Newark.
- In Norwalk, the rental for a two-bedroom apartment stands at $2,400, 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 | Norwalk |
|---|---|---|
| Electricity Price | $15.92 | $26 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $220 | $290 |
Utilities Comparison: Newark vs Norwalk
- Norwalk has higher electricity costs at $26 per kWh, versus $15.92 in Newark.
- Natural gas price data is currently unavailable.
- Norwalk has higher utility expenses, averaging $290, while Newark averages $220.