Cost of Living: Panama city beach, FL vs Lyndhurst, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Panama city beach | Lyndhurst |
|---|---|---|
| Housing Index | 90.0 | 120.0 |
| Median Home Price | $449,000 | $485,000 |
| Average Rent (2 BR Apartment) | $1600 | $2200 |
| Average Rent (2 BR House) | $1624 | $2256 |
Housing Comparison: Panama city beach vs Lyndhurst
- The median home price in Lyndhurst is higher at $485,000, compared to $449,000 in Panama city beach.
- In Lyndhurst, the rental for a two-bedroom apartment stands at $2,200, while it is $1,600 in Panama city beach.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Panama city beach | Lyndhurst |
|---|---|---|
| Electricity Price | $13.89 | $19.88 |
| Natural Gas Price | $26.13 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Panama city beach vs Lyndhurst
- Lyndhurst has higher electricity costs at $19.88 per kWh, versus $13.89 in Panama city beach.
- Natural gas is more expensive in Panama city beach at $26.13 per unit, while it is cheaper at $14.01 in Lyndhurst.
- Utility expenses are equal in both Panama city beach and Lyndhurst averaging $250.