Cost of Living: Parsippany, NJ vs Russell springs, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Parsippany | Russell springs |
|---|---|---|
| Housing Index | 120.0 | 85.0 |
| Median Home Price | $575,000 | $150,000 |
| Average Rent (2 BR Apartment) | $2100 | $800 |
| Average Rent (2 BR House) | $2240 | $850 |
Housing Comparison: Parsippany vs Russell springs
- In Parsippany, the median home price is higher at $575,000, while in Russell springs it is $150,000.
- In Russell springs, the rental for a two-bedroom apartment stands at $800, 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 | Russell springs |
|---|---|---|
| Electricity Price | $19.88 | $12.87 |
| Natural Gas Price | $14.01 | $22.78 |
| Other Utilities | $270 | $200 |
Utilities Comparison: Parsippany vs Russell springs
- Electricity costs are higher in Parsippany at $19.88 per kWh, compared to $12.87 in Russell springs.
- Russell springs experiences higher natural gas costs at $22.78 per unit, with costs at $14.01 in Parsippany.
- Other utility costs are higher in Parsippany at an average of $270, compared to Russell springs with $200.