Cost of Living: Hackensack, NJ vs Panacea, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hackensack | Panacea |
|---|---|---|
| Housing Index | 125.0 | 85.0 |
| Median Home Price | $493,500 | $351,000 |
| Average Rent (2 BR Apartment) | $2400 | $1600 |
| Average Rent (2 BR House) | $2480 | $1645.6 |
Housing Comparison: Hackensack vs Panacea
- In Hackensack, the median home price is higher at $493,500, while in Panacea it is $351,000.
- Renting a two-bedroom apartment costs more in Hackensack at $2,400 than in Panacea at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hackensack | Panacea |
|---|---|---|
| Electricity Price | $19.88 | $13.89 |
| Natural Gas Price | $14.01 | $26.13 |
| Other Utilities | $280 | $250 |
Utilities Comparison: Hackensack vs Panacea
- Electricity costs are higher in Hackensack at $19.88 per kWh, compared to $13.89 in Panacea.
- Panacea experiences higher natural gas costs at $26.13 per unit, with costs at $14.01 in Hackensack.
- Other utility costs are higher in Hackensack at an average of $280, compared to Panacea with $250.