Cost of Living: South portland, ME vs New york, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | South portland | New york |
|---|---|---|
| Housing Index | 110.0 | 125.0 |
| Median Home Price | $308,000 | $800,000 |
| Average Rent (2 BR Apartment) | $1900 | $2800 |
| Average Rent (2 BR House) | $1975 | $2880 |
Housing Comparison: South portland vs New york
- The median home price in New york is higher at $800,000, compared to $308,000 in South portland.
- In New york, the rental for a two-bedroom apartment stands at $2,800, while it is $1,900 in South portland.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | South portland | New york |
|---|---|---|
| Electricity Price | $22.26 | $26.08 |
| Natural Gas Price | $21.63 | $18.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: South portland vs New york
- New york has higher electricity costs at $26.08 per kWh, versus $22.26 in South portland.
- Natural gas is more expensive in South portland at $21.63 per unit, while it is cheaper at $18.13 in New york.
- Utility expenses are equal in both South portland and New york averaging $250.