Cost of Living: Monett, MO vs Paramus, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monett | Paramus |
|---|---|---|
| Housing Index | 75.0 | 135.0 |
| Median Home Price | $167,000 | $570,000 |
| Average Rent (2 BR Apartment) | $1200 | $2700 |
| Average Rent (2 BR House) | $1350 | $2750 |
Housing Comparison: Monett vs Paramus
- The median home price in Paramus is higher at $570,000, compared to $167,000 in Monett.
- In Paramus, the rental for a two-bedroom apartment stands at $2,700, while it is $1,200 in Monett.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monett | Paramus |
|---|---|---|
| Electricity Price | $14.64 | $19.88 |
| Natural Gas Price | $23.25 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monett vs Paramus
- Paramus has higher electricity costs at $19.88 per kWh, versus $14.64 in Monett.
- Natural gas is more expensive in Monett at $23.25 per unit, while it is cheaper at $14.01 in Paramus.
- Utility expenses are equal in both Monett and Paramus averaging $250.