Cost of Living: Redford, MI vs Cliffwood, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Redford | Cliffwood |
|---|---|---|
| Housing Index | 90.0 | 120.0 |
| Median Home Price | $162,500 | $396,000 |
| Average Rent (2 BR Apartment) | $1200 | $2300 |
| Average Rent (2 BR House) | $1250 | $2400 |
Housing Comparison: Redford vs Cliffwood
- The median home price in Cliffwood is higher at $396,000, compared to $162,500 in Redford.
- In Cliffwood, the rental for a two-bedroom apartment stands at $2,300, while it is $1,200 in Redford.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Redford | Cliffwood |
|---|---|---|
| Electricity Price | $19.88 | $19.88 |
| Natural Gas Price | $15.42 | $14.01 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Redford vs Cliffwood
- Electricity costs are the same in both Redford and Cliffwood at $19.88 per kWh.
- Natural gas is more expensive in Redford at $15.42 per unit, while it is cheaper at $14.01 in Cliffwood.
- Cliffwood has higher utility expenses, averaging $280, while Redford averages $250.