Cost of Living: Parsippany, NJ vs Boulder, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Parsippany | Boulder |
|---|---|---|
| Housing Index | 120.0 | 140.0 |
| Median Home Price | $575,000 | $730,000 |
| Average Rent (2 BR Apartment) | $2100 | $2500 |
| Average Rent (2 BR House) | $2240 | $2557 |
Housing Comparison: Parsippany vs Boulder
- The median home price in Boulder is higher at $730,000, compared to $575,000 in Parsippany.
- In Boulder, the rental for a two-bedroom apartment stands at $2,500, while it is $2,100 in Parsippany.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Parsippany | Boulder |
|---|---|---|
| Electricity Price | $19.88 | $15.21 |
| Natural Gas Price | $14.01 | $11.3 |
| Other Utilities | $270 | $250 |
Utilities Comparison: Parsippany vs Boulder
- Electricity costs are higher in Parsippany at $19.88 per kWh, compared to $15.21 in Boulder.
- Natural gas is more expensive in Parsippany at $14.01 per unit, while it is cheaper at $11.3 in Boulder.
- Other utility costs are higher in Parsippany at an average of $270, compared to Boulder with $250.