Cost of Living: Lake leelanau, MI vs Paramus, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lake leelanau | Paramus |
|---|---|---|
| Housing Index | 120.0 | 135.0 |
| Median Home Price | $393,000 | $570,000 |
| Average Rent (2 BR Apartment) | $1800 | $2700 |
| Average Rent (2 BR House) | $1840 | $2750 |
Housing Comparison: Lake leelanau vs Paramus
- The median home price in Paramus is higher at $570,000, compared to $393,000 in Lake leelanau.
- In Paramus, the rental for a two-bedroom apartment stands at $2,700, while it is $1,800 in Lake leelanau.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lake leelanau | Paramus |
|---|---|---|
| Electricity Price | $19.88 | $19.88 |
| Natural Gas Price | $15.42 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lake leelanau vs Paramus
- Electricity costs are the same in both Lake leelanau and Paramus at $19.88 per kWh.
- Natural gas is more expensive in Lake leelanau at $15.42 per unit, while it is cheaper at $14.01 in Paramus.
- Utility expenses are equal in both Lake leelanau and Paramus averaging $250.