Cost of Living: Ocean city, NJ vs Albuquerque, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ocean city | Albuquerque |
|---|---|---|
| Housing Index | Data is updating | 90.0 |
| Median Home Price | $600,000 | $272,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1300 |
Housing Comparison: Ocean city vs Albuquerque
- In Ocean city, the median home price is higher at $600,000, while in Albuquerque it is $272,000.
- The rent for a two-bedroom apartment is equal in both Ocean city and Albuquerque at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Ocean city | Albuquerque |
|---|---|---|
| Electricity Price | $19.88 | $14.44 |
| Natural Gas Price | $14.01 | $Data is updating |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Ocean city vs Albuquerque
- Electricity costs are higher in Ocean city at $19.88 per kWh, compared to $14.44 in Albuquerque.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Ocean city and Albuquerque averaging $0.0.