Cost of Living: Monterey, CA vs Westfield, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monterey | Westfield |
|---|---|---|
| Housing Index | 160.3 | 120.0 |
| Median Home Price | $1,135,000 | $725,000 |
| Average Rent (2 BR Apartment) | $2574 | $2514 |
| Average Rent (2 BR House) | $2797 | $2732 |
Housing Comparison: Monterey vs Westfield
- In Monterey, the median home price is higher at $1,135,000, while in Westfield it is $725,000.
- Renting a two-bedroom apartment costs more in Monterey at $2,574 than in Westfield at $2,514.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monterey | Westfield |
|---|---|---|
| Electricity Price | $32.99 | $19.88 |
| Natural Gas Price | $16.99 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monterey vs Westfield
- Electricity costs are higher in Monterey at $32.99 per kWh, compared to $19.88 in Westfield.
- Natural gas is more expensive in Monterey at $16.99 per unit, while it is cheaper at $14.01 in Westfield.
- Utility expenses are equal in both Monterey and Westfield averaging $250.