Cost of Living: Wharton, NJ vs Cranston, RI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Wharton | Cranston |
|---|---|---|
| Housing Index | 115.0 | 115.5 |
| Median Home Price | $348,000 | $368,600 |
| Average Rent (2 BR Apartment) | $2200 | $1800 |
| Average Rent (2 BR House) | $2240 | $1840 |
Housing Comparison: Wharton vs Cranston
- The median home price in Cranston is higher at $368,600, compared to $348,000 in Wharton.
- Renting a two-bedroom apartment costs more in Wharton at $2,200 than in Cranston 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 | Wharton | Cranston |
|---|---|---|
| Electricity Price | $19.88 | $27.03 |
| Natural Gas Price | $14.01 | $21.52 |
| Other Utilities | $250 | $275 |
Utilities Comparison: Wharton vs Cranston
- Cranston has higher electricity costs at $27.03 per kWh, versus $19.88 in Wharton.
- Cranston experiences higher natural gas costs at $21.52 per unit, with costs at $14.01 in Wharton.
- Cranston has higher utility expenses, averaging $275, while Wharton averages $250.