Cost of Living: Montgomery, IL vs Paterson, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Montgomery | Paterson |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $260,000 | $357,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1245 | $Data is updating |
Housing Comparison: Montgomery vs Paterson
- The median home price in Paterson is higher at $357,000, compared to $260,000 in Montgomery.
- The rent for a two-bedroom apartment is equal in both Montgomery 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 | Montgomery | Paterson |
|---|---|---|
| Electricity Price | $16.15 | $19.88 |
| Natural Gas Price | $16.59 | $14.01 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Montgomery vs Paterson
- Paterson has higher electricity costs at $19.88 per kWh, versus $16.15 in Montgomery.
- Natural gas is more expensive in Montgomery at $16.59 per unit, while it is cheaper at $14.01 in Paterson.
- Utility expenses are equal in both Montgomery and Paterson averaging $200.