Cost of Living: Midland, TX vs Paterson, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Midland | Paterson |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $345,000 | $357,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1270 | $Data is updating |
Housing Comparison: Midland vs Paterson
- The median home price in Paterson is higher at $357,000, compared to $345,000 in Midland.
- The rent for a two-bedroom apartment is equal in both Midland and Paterson 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 | Midland | Paterson |
|---|---|---|
| Electricity Price | $14.47 | $19.88 |
| Natural Gas Price | $26.29 | $14.01 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Midland vs Paterson
- Paterson has higher electricity costs at $19.88 per kWh, versus $14.47 in Midland.
- Natural gas is more expensive in Midland at $26.29 per unit, while it is cheaper at $14.01 in Paterson.
- Utility expenses are equal in both Midland and Paterson averaging $200.