Cost of Living: Newark, OH vs Sanford, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Sanford |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $176,250 | $252,000 |
| Average Rent (2 BR Apartment) | $1120 | $1200 |
| Average Rent (2 BR House) | $1136 | $1280 |
Housing Comparison: Newark vs Sanford
- The median home price in Sanford is higher at $252,000, compared to $176,250 in Newark.
- In Sanford, the rental for a two-bedroom apartment stands at $1,200, 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 | Sanford |
|---|---|---|
| Electricity Price | $15.92 | $13.72 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $220 | $200 |
Utilities Comparison: Newark vs Sanford
- Electricity costs are higher in Newark at $15.92 per kWh, compared to $13.72 in Sanford.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Newark at an average of $220, compared to Sanford with $200.