Cost of Living: Sewell, NJ vs Memphis, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Sewell | Memphis |
|---|---|---|
| Housing Index | 120.5 | 87.5 |
| Median Home Price | $325,000 | $185,000 |
| Average Rent (2 BR Apartment) | $2100 | $1200 |
| Average Rent (2 BR House) | $2150 | $1256 |
Housing Comparison: Sewell vs Memphis
- In Sewell, the median home price is higher at $325,000, while in Memphis it is $185,000.
- Renting a two-bedroom apartment costs more in Sewell at $2,100 than in Memphis 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 | Sewell | Memphis |
|---|---|---|
| Electricity Price | $19.88 | $12.57 |
| Natural Gas Price | $14.01 | $12.35 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Sewell vs Memphis
- Electricity costs are higher in Sewell at $19.88 per kWh, compared to $12.57 in Memphis.
- Natural gas is more expensive in Sewell at $14.01 per unit, while it is cheaper at $12.35 in Memphis.
- Other utility costs are higher in Sewell at an average of $250, compared to Memphis with $200.