Cost of Living: Parker, SD vs Elizabeth, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Parker | Elizabeth |
|---|---|---|
| Housing Index | 85.0 | 125.0 |
| Median Home Price | $185,000 | $293,000 |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1360 | $2400 |
Housing Comparison: Parker vs Elizabeth
- The median home price in Elizabeth is higher at $293,000, compared to $185,000 in Parker.
- In Elizabeth, the rental for a two-bedroom apartment stands at $2,400, while it is $1,200 in Parker.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Parker | Elizabeth |
|---|---|---|
| Electricity Price | $14.15 | $19.88 |
| Natural Gas Price | $10.63 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Parker vs Elizabeth
- Elizabeth has higher electricity costs at $19.88 per kWh, versus $14.15 in Parker.
- Elizabeth experiences higher natural gas costs at $14.01 per unit, with costs at $10.63 in Parker.
- Utility expenses are equal in both Parker and Elizabeth averaging $250.