Cost of Living: Springfield, MA vs Raritan, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Springfield | Raritan |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $287,000 | $375,000 |
| Average Rent (2 BR Apartment) | $1800 | $Data is updating |
| Average Rent (2 BR House) | $1840 | $Data is updating |
Housing Comparison: Springfield vs Raritan
- The median home price in Raritan is higher at $375,000, compared to $287,000 in Springfield.
- The rent for a two-bedroom apartment is equal in both Springfield and Raritan at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Springfield | Raritan |
|---|---|---|
| Electricity Price | $28.15 | $19.88 |
| Natural Gas Price | $21.62 | $14.01 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Springfield vs Raritan
- Electricity costs are higher in Springfield at $28.15 per kWh, compared to $19.88 in Raritan.
- Natural gas is more expensive in Springfield at $21.62 per unit, while it is cheaper at $14.01 in Raritan.
- Utility expenses are equal in both Springfield and Raritan averaging $250.