Cost of Living: Watertown, MA vs Newark, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Watertown | Newark |
|---|---|---|
| Housing Index | 120.0 | 85.0 |
| Median Home Price | $616,800 | $176,250 |
| Average Rent (2 BR Apartment) | $2800 | $1120 |
| Average Rent (2 BR House) | $2750 | $1136 |
Housing Comparison: Watertown vs Newark
- In Watertown, the median home price is higher at $616,800, while in Newark it is $176,250.
- Renting a two-bedroom apartment costs more in Watertown at $2,800 than in Newark at $1,120.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Watertown | Newark |
|---|---|---|
| Electricity Price | $28.15 | $15.92 |
| Natural Gas Price | $21.62 | $Data is updating |
| Other Utilities | $250 | $220 |
Utilities Comparison: Watertown vs Newark
- Electricity costs are higher in Watertown at $28.15 per kWh, compared to $15.92 in Newark.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Watertown at an average of $250, compared to Newark with $220.