Cost of Living: Paramus, NJ vs Iowa city, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Paramus | Iowa city |
|---|---|---|
| Housing Index | 135.0 | 110.0 |
| Median Home Price | $570,000 | $305,000 |
| Average Rent (2 BR Apartment) | $2700 | $1350 |
| Average Rent (2 BR House) | $2750 | $1393 |
Housing Comparison: Paramus vs Iowa city
- In Paramus, the median home price is higher at $570,000, while in Iowa city it is $305,000.
- Renting a two-bedroom apartment costs more in Paramus at $2,700 than in Iowa city at $1,350.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Paramus | Iowa city |
|---|---|---|
| Electricity Price | $19.88 | $14.82 |
| Natural Gas Price | $14.01 | $15.61 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Paramus vs Iowa city
- Electricity costs are higher in Paramus at $19.88 per kWh, compared to $14.82 in Iowa city.
- Iowa city experiences higher natural gas costs at $15.61 per unit, with costs at $14.01 in Paramus.
- Utility expenses are equal in both Paramus and Iowa city averaging $250.