Cost of Living: South river, NJ vs Luna pier, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | South river | Luna pier |
|---|---|---|
| Housing Index | 120.0 | 90.0 |
| Median Home Price | $330,000 | $194,000 |
| Average Rent (2 BR Apartment) | $2400 | $1600 |
| Average Rent (2 BR House) | $2500 | $1640 |
Housing Comparison: South river vs Luna pier
- In South river, the median home price is higher at $330,000, while in Luna pier it is $194,000.
- Renting a two-bedroom apartment costs more in South river at $2,400 than in Luna pier at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | South river | Luna pier |
|---|---|---|
| Electricity Price | $19.88 | $19.88 |
| Natural Gas Price | $14.01 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: South river vs Luna pier
- Electricity costs are the same in both South river and Luna pier at $19.88 per kWh.
- Luna pier experiences higher natural gas costs at $15.42 per unit, with costs at $14.01 in South river.
- Utility expenses are equal in both South river and Luna pier averaging $250.