Cost of Living: Newark, OH vs Prescott, AZ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Prescott |
|---|---|---|
| Housing Index | 85.0 | 110.0 |
| Median Home Price | $176,250 | $531,000 |
| Average Rent (2 BR Apartment) | $1120 | $1800 |
| Average Rent (2 BR House) | $1136 | $1840 |
Housing Comparison: Newark vs Prescott
- The median home price in Prescott is higher at $531,000, compared to $176,250 in Newark.
- In Prescott, 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 | Prescott |
|---|---|---|
| Electricity Price | $15.92 | $15.14 |
| Natural Gas Price | $Data is updating | $23.51 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Newark vs Prescott
- Electricity costs are higher in Newark at $15.92 per kWh, compared to $15.14 in Prescott.
- Natural gas price data is currently unavailable.
- Prescott has higher utility expenses, averaging $250, while Newark averages $220.