Cost of Living: Red lodge, MT vs Elizabeth, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red lodge | Elizabeth |
|---|---|---|
| Housing Index | 115.0 | 125.0 |
| Median Home Price | $311,000 | $293,000 |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1236 | $2400 |
Housing Comparison: Red lodge vs Elizabeth
- In Red lodge, the median home price is higher at $311,000, while in Elizabeth it is $293,000.
- In Elizabeth, the rental for a two-bedroom apartment stands at $2,400, while it is $1,200 in Red lodge.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Red lodge | Elizabeth |
|---|---|---|
| Electricity Price | $13.58 | $19.88 |
| Natural Gas Price | $8.31 | $14.01 |
| Other Utilities | $280 | $250 |
Utilities Comparison: Red lodge vs Elizabeth
- Elizabeth has higher electricity costs at $19.88 per kWh, versus $13.58 in Red lodge.
- Natural gas is more expensive in Red lodge at $8.31 per unit, while it is cheaper at $14.01 in Elizabeth.
- Other utility costs are higher in Red lodge at an average of $280, compared to Elizabeth with $250.