Cost of Living: Elizabeth, NJ vs Milford, CT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elizabeth | Milford |
|---|---|---|
| Housing Index | 125.0 | 122.1 |
| Median Home Price | $293,000 | $376,000 |
| Average Rent (2 BR Apartment) | $2328 | $2357 |
| Average Rent (2 BR House) | $2530 | $2562 |
Housing Comparison: Elizabeth vs Milford
- The median home price in Milford is higher at $376,000, compared to $293,000 in Elizabeth.
- In Milford, the rental for a two-bedroom apartment stands at $2,357, while it is $2,328 in Elizabeth.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Elizabeth | Milford |
|---|---|---|
| Electricity Price | $19.88 | $26 |
| Natural Gas Price | $14.01 | $Data is updating |
| Other Utilities | $250 | $257 |
Utilities Comparison: Elizabeth vs Milford
- Milford has higher electricity costs at $26 per kWh, versus $19.88 in Elizabeth.
- Natural gas price data is currently unavailable.
- Milford has higher utility expenses, averaging $257, while Elizabeth averages $250.