Cost of Living: Detroit, MI vs Paramount, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Detroit | Paramount |
|---|---|---|
| Housing Index | 72.0 | Data is updating |
| Median Home Price | $100,000 | $589,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1360 | $Data is updating |
Housing Comparison: Detroit vs Paramount
- The median home price in Paramount is higher at $589,000, compared to $100,000 in Detroit.
- The rent for a two-bedroom apartment is equal in both Detroit and Paramount at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Detroit | Paramount |
|---|---|---|
| Electricity Price | $19.88 | $32.99 |
| Natural Gas Price | $15.42 | $16.99 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Detroit vs Paramount
- Paramount has higher electricity costs at $32.99 per kWh, versus $19.88 in Detroit.
- Paramount experiences higher natural gas costs at $16.99 per unit, with costs at $15.42 in Detroit.
- Utility expenses are equal in both Detroit and Paramount averaging $200.