Cost of Living: Newark, OH vs Severn, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newark | Severn |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $176,250 | $441,000 |
| Average Rent (2 BR Apartment) | $1120 | $Data is updating |
| Average Rent (2 BR House) | $1136 | $Data is updating |
Housing Comparison: Newark vs Severn
- The median home price in Severn is higher at $441,000, compared to $176,250 in Newark.
- The rent for a two-bedroom apartment is equal in both Newark and Severn at $1,120.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newark | Severn |
|---|---|---|
| Electricity Price | $15.92 | $17.41 |
| Natural Gas Price | $Data is updating | $18.44 |
| Other Utilities | $220 | $Data is updating |
Utilities Comparison: Newark vs Severn
- Severn has higher electricity costs at $17.41 per kWh, versus $15.92 in Newark.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Newark and Severn averaging $220.