Cost of Living: Ocean city, NJ vs Taylor, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ocean city | Taylor |
|---|---|---|
| Housing Index | 118.8 | 98.2 |
| Median Home Price | $600,000 | $287,800 |
| Average Rent (2 BR Apartment) | $2586 | $1731 |
| Average Rent (2 BR House) | $2811 | $1882 |
Housing Comparison: Ocean city vs Taylor
- In Ocean city, the median home price is higher at $600,000, while in Taylor it is $287,800.
- Renting a two-bedroom apartment costs more in Ocean city at $2,586 than in Taylor at $1,731.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Ocean city | Taylor |
|---|---|---|
| Electricity Price | $19.88 | $14.47 |
| Natural Gas Price | $14.01 | $26.29 |
| Other Utilities | $261 | $235 |
Utilities Comparison: Ocean city vs Taylor
- Electricity costs are higher in Ocean city at $19.88 per kWh, compared to $14.47 in Taylor.
- Taylor experiences higher natural gas costs at $26.29 per unit, with costs at $14.01 in Ocean city.
- Other utility costs are higher in Ocean city at an average of $261, compared to Taylor with $235.