Cost of Living: Palmyra, NY vs Kearny, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Palmyra | Kearny |
|---|---|---|
| Housing Index | 110.0 | 115.2 |
| Median Home Price | $185,000 | $402,500 |
| Average Rent (2 BR Apartment) | $1600 | $2300 |
| Average Rent (2 BR House) | $1630 | $2400 |
Housing Comparison: Palmyra vs Kearny
- The median home price in Kearny is higher at $402,500, compared to $185,000 in Palmyra.
- In Kearny, the rental for a two-bedroom apartment stands at $2,300, while it is $1,600 in Palmyra.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Palmyra | Kearny |
|---|---|---|
| Electricity Price | $26.08 | $19.88 |
| Natural Gas Price | $18.13 | $14.01 |
| Other Utilities | $275 | $250 |
Utilities Comparison: Palmyra vs Kearny
- Electricity costs are higher in Palmyra at $26.08 per kWh, compared to $19.88 in Kearny.
- Natural gas is more expensive in Palmyra at $18.13 per unit, while it is cheaper at $14.01 in Kearny.
- Other utility costs are higher in Palmyra at an average of $275, compared to Kearny with $250.