Cost of Living: Prescott, AZ vs Elizabeth, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Prescott | Elizabeth |
|---|---|---|
| Housing Index | 110.0 | 125.0 |
| Median Home Price | $531,000 | $293,000 |
| Average Rent (2 BR Apartment) | $1800 | $2400 |
| Average Rent (2 BR House) | $1840 | $2400 |
Housing Comparison: Prescott vs Elizabeth
- In Prescott, the median home price is higher at $531,000, while in Elizabeth it is $293,000.
- In Elizabeth, the rental for a two-bedroom apartment stands at $2,400, while it is $1,800 in Prescott.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Prescott | Elizabeth |
|---|---|---|
| Electricity Price | $15.14 | $19.88 |
| Natural Gas Price | $23.51 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Prescott vs Elizabeth
- Elizabeth has higher electricity costs at $19.88 per kWh, versus $15.14 in Prescott.
- Natural gas is more expensive in Prescott at $23.51 per unit, while it is cheaper at $14.01 in Elizabeth.
- Utility expenses are equal in both Prescott and Elizabeth averaging $250.