Cost of Living: Pompton lakes, NJ vs Wyandotte, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Pompton lakes | Wyandotte |
|---|---|---|
| Housing Index | 120.0 | 110.0 |
| Median Home Price | $450,000 | $193,000 |
| Average Rent (2 BR Apartment) | $2300 | $1300 |
| Average Rent (2 BR House) | $2400 | $1300 |
Housing Comparison: Pompton lakes vs Wyandotte
- In Pompton lakes, the median home price is higher at $450,000, while in Wyandotte it is $193,000.
- Renting a two-bedroom apartment costs more in Pompton lakes at $2,300 than in Wyandotte at $1,300.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Pompton lakes | Wyandotte |
|---|---|---|
| Electricity Price | $19.88 | $19.88 |
| Natural Gas Price | $14.01 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Pompton lakes vs Wyandotte
- Electricity costs are the same in both Pompton lakes and Wyandotte at $19.88 per kWh.
- Wyandotte experiences higher natural gas costs at $15.42 per unit, with costs at $14.01 in Pompton lakes.
- Utility expenses are equal in both Pompton lakes and Wyandotte averaging $250.