Cost of Living: Lancaster, VA vs Paramus, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lancaster | Paramus |
|---|---|---|
| Housing Index | 110.2 | 135.0 |
| Median Home Price | $327,000 | $570,000 |
| Average Rent (2 BR Apartment) | $1400 | $2700 |
| Average Rent (2 BR House) | $1450 | $2750 |
Housing Comparison: Lancaster vs Paramus
- The median home price in Paramus is higher at $570,000, compared to $327,000 in Lancaster.
- In Paramus, the rental for a two-bedroom apartment stands at $2,700, while it is $1,400 in Lancaster.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lancaster | Paramus |
|---|---|---|
| Electricity Price | $15.31 | $19.88 |
| Natural Gas Price | $19.91 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lancaster vs Paramus
- Paramus has higher electricity costs at $19.88 per kWh, versus $15.31 in Lancaster.
- Natural gas is more expensive in Lancaster at $19.91 per unit, while it is cheaper at $14.01 in Paramus.
- Utility expenses are equal in both Lancaster and Paramus averaging $250.