Cost of Living: Ridgewood, NJ vs Rumford, ME
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ridgewood | Rumford |
|---|---|---|
| Housing Index | 120.0 | 85.2 |
| Median Home Price | $978,500 | $210,000 |
| Average Rent (2 BR Apartment) | $2200 | $1200 |
| Average Rent (2 BR House) | $2250 | $1360 |
Housing Comparison: Ridgewood vs Rumford
- In Ridgewood, the median home price is higher at $978,500, while in Rumford it is $210,000.
- Renting a two-bedroom apartment costs more in Ridgewood at $2,200 than in Rumford at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Ridgewood | Rumford |
|---|---|---|
| Electricity Price | $19.88 | $22.26 |
| Natural Gas Price | $14.01 | $21.63 |
| Other Utilities | $250 | $220 |
Utilities Comparison: Ridgewood vs Rumford
- Rumford has higher electricity costs at $22.26 per kWh, versus $19.88 in Ridgewood.
- Rumford experiences higher natural gas costs at $21.63 per unit, with costs at $14.01 in Ridgewood.
- Other utility costs are higher in Ridgewood at an average of $250, compared to Rumford with $220.