Cost of Living: Chesapeake, VA vs Ocean city, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Chesapeake | Ocean city |
|---|---|---|
| Housing Index | 107.5 | 118.8 |
| Median Home Price | $347,000 | $600,000 |
| Average Rent (2 BR Apartment) | $1801 | $2586 |
| Average Rent (2 BR House) | $1958 | $2811 |
Housing Comparison: Chesapeake vs Ocean city
- The median home price in Ocean city is higher at $600,000, compared to $347,000 in Chesapeake.
- In Ocean city, the rental for a two-bedroom apartment stands at $2,586, while it is $1,801 in Chesapeake.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Chesapeake | Ocean city |
|---|---|---|
| Electricity Price | $15.31 | $19.88 |
| Natural Gas Price | $19.91 | $14.01 |
| Other Utilities | $242 | $261 |
Utilities Comparison: Chesapeake vs Ocean city
- Ocean city has higher electricity costs at $19.88 per kWh, versus $15.31 in Chesapeake.
- Natural gas is more expensive in Chesapeake at $19.91 per unit, while it is cheaper at $14.01 in Ocean city.
- Ocean city has higher utility expenses, averaging $261, while Chesapeake averages $242.