Cost of Living: Laredo, TX vs Paramus, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laredo | Paramus |
|---|---|---|
| Housing Index | 90.0 | 135.0 |
| Median Home Price | $260,000 | $570,000 |
| Average Rent (2 BR Apartment) | $950 | $2700 |
| Average Rent (2 BR House) | $960 | $2750 |
Housing Comparison: Laredo vs Paramus
- The median home price in Paramus is higher at $570,000, compared to $260,000 in Laredo.
- Renting a two-bedroom apartment costs more in Laredo at $950 than in Paramus at $2,700.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laredo | Paramus |
|---|---|---|
| Electricity Price | $14.47 | $19.88 |
| Natural Gas Price | $26.29 | $14.01 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Laredo vs Paramus
- Paramus has higher electricity costs at $19.88 per kWh, versus $14.47 in Laredo.
- Natural gas is more expensive in Laredo at $26.29 per unit, while it is cheaper at $14.01 in Paramus.
- Paramus has higher utility expenses, averaging $250, while Laredo averages $150.