Cost of Living: Ocean city, NJ vs Bolivar, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ocean city | Bolivar |
|---|---|---|
| Housing Index | 118.8 | 98.5 |
| Median Home Price | $600,000 | $173,000 |
| Average Rent (2 BR Apartment) | $2586 | $1602 |
| Average Rent (2 BR House) | $2811 | $1741 |
Housing Comparison: Ocean city vs Bolivar
- In Ocean city, the median home price is higher at $600,000, while in Bolivar it is $173,000.
- Renting a two-bedroom apartment costs more in Ocean city at $2,586 than in Bolivar at $1,602.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Ocean city | Bolivar |
|---|---|---|
| Electricity Price | $19.88 | $12.57 |
| Natural Gas Price | $14.01 | $12.35 |
| Other Utilities | $261 | $238 |
Utilities Comparison: Ocean city vs Bolivar
- Electricity costs are higher in Ocean city at $19.88 per kWh, compared to $12.57 in Bolivar.
- Natural gas is more expensive in Ocean city at $14.01 per unit, while it is cheaper at $12.35 in Bolivar.
- Other utility costs are higher in Ocean city at an average of $261, compared to Bolivar with $238.