Cost of Living: Banning, CA vs Vernon, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Banning | Vernon |
|---|---|---|
| Housing Index | 110.0 | 105.0 |
| Median Home Price | $420,000 | $350,000 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $1828 | $1875 |
Housing Comparison: Banning vs Vernon
- In Banning, the median home price is higher at $420,000, while in Vernon it is $350,000.
- The rent for a two-bedroom apartment is equal in both Banning and Vernon at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Banning | Vernon |
|---|---|---|
| Electricity Price | $32.99 | $19.88 |
| Natural Gas Price | $16.99 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Banning vs Vernon
- Electricity costs are higher in Banning at $32.99 per kWh, compared to $19.88 in Vernon.
- Natural gas is more expensive in Banning at $16.99 per unit, while it is cheaper at $14.01 in Vernon.
- Utility expenses are equal in both Banning and Vernon averaging $250.