Cost of Living: Tempe, AZ vs Newark, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Tempe | Newark |
|---|---|---|
| Housing Index | 115.5 | 130.5 |
| Median Home Price | $405,000 | $327,000 |
| Average Rent (2 BR Apartment) | $1800 | $2200 |
| Average Rent (2 BR House) | $1870 | $2267 |
Housing Comparison: Tempe vs Newark
- In Tempe, the median home price is higher at $405,000, while in Newark it is $327,000.
- In Newark, the rental for a two-bedroom apartment stands at $2,200, while it is $1,800 in Tempe.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Tempe | Newark |
|---|---|---|
| Electricity Price | $15.14 | $19.88 |
| Natural Gas Price | $23.51 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Tempe vs Newark
- Newark has higher electricity costs at $19.88 per kWh, versus $15.14 in Tempe.
- Natural gas is more expensive in Tempe at $23.51 per unit, while it is cheaper at $14.01 in Newark.
- Utility expenses are equal in both Tempe and Newark averaging $250.