Cost of Living: Old bridge, NJ vs Hancock, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Old bridge | Hancock |
|---|---|---|
| Housing Index | Data is updating | Data is updating |
| Median Home Price | $426,000 | $198,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $Data is updating |
| Average Rent (2 BR House) | $Data is updating | $Data is updating |
Housing Comparison: Old bridge vs Hancock
- In Old bridge, the median home price is higher at $426,000, while in Hancock it is $198,000.
- The rent for a two-bedroom apartment is equal in both Old bridge and Hancock 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 | Old bridge | Hancock |
|---|---|---|
| Electricity Price | $19.88 | $16.38 |
| Natural Gas Price | $14.01 | $14.87 |
| Other Utilities | $Data is updating | $Data is updating |
Utilities Comparison: Old bridge vs Hancock
- Electricity costs are higher in Old bridge at $19.88 per kWh, compared to $16.38 in Hancock.
- Hancock experiences higher natural gas costs at $14.87 per unit, with costs at $14.01 in Old bridge.
- Utility expenses are equal in both Old bridge and Hancock averaging $0.0.