Cost of Living: Sherwood, MI vs Elizabeth, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Sherwood | Elizabeth |
|---|---|---|
| Housing Index | Data is updating | 125.0 |
| Median Home Price | $193,000 | $293,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $2400 |
| Average Rent (2 BR House) | $Data is updating | $2400 |
Housing Comparison: Sherwood vs Elizabeth
- The median home price in Elizabeth is higher at $293,000, compared to $193,000 in Sherwood.
- The rent for a two-bedroom apartment is equal in both Sherwood and Elizabeth at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Sherwood | Elizabeth |
|---|---|---|
| Electricity Price | $19.88 | $19.88 |
| Natural Gas Price | $15.42 | $14.01 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Sherwood vs Elizabeth
- Electricity costs are the same in both Sherwood and Elizabeth at $19.88 per kWh.
- Natural gas is more expensive in Sherwood at $15.42 per unit, while it is cheaper at $14.01 in Elizabeth.
- Utility expenses are equal in both Sherwood and Elizabeth averaging $0.0.