Cost of Living: Red bay, AL vs Elizabeth, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red bay | Elizabeth |
|---|---|---|
| Housing Index | 90.0 | 125.0 |
| Median Home Price | $167,000 | $293,000 |
| Average Rent (2 BR Apartment) | $960 | $2400 |
| Average Rent (2 BR House) | $992 | $2400 |
Housing Comparison: Red bay vs Elizabeth
- The median home price in Elizabeth is higher at $293,000, compared to $167,000 in Red bay.
- Renting a two-bedroom apartment costs more in Red bay at $960 than in Elizabeth at $2,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Red bay | Elizabeth |
|---|---|---|
| Electricity Price | $15.03 | $19.88 |
| Natural Gas Price | $21.76 | $14.01 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Red bay vs Elizabeth
- Elizabeth has higher electricity costs at $19.88 per kWh, versus $15.03 in Red bay.
- Natural gas is more expensive in Red bay at $21.76 per unit, while it is cheaper at $14.01 in Elizabeth.
- Elizabeth has higher utility expenses, averaging $250, while Red bay averages $220.