Cost of Living: Panama city, FL vs South plainfield, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Panama city | South plainfield |
|---|---|---|
| Housing Index | 101.5 | 120.0 |
| Median Home Price | $288,000 | $360,000 |
| Average Rent (2 BR Apartment) | $1500 | $2200 |
| Average Rent (2 BR House) | $1536 | $2256 |
Housing Comparison: Panama city vs South plainfield
- The median home price in South plainfield is higher at $360,000, compared to $288,000 in Panama city.
- In South plainfield, the rental for a two-bedroom apartment stands at $2,200, while it is $1,500 in Panama city.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Panama city | South plainfield |
|---|---|---|
| Electricity Price | $13.89 | $19.88 |
| Natural Gas Price | $26.13 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Panama city vs South plainfield
- South plainfield has higher electricity costs at $19.88 per kWh, versus $13.89 in Panama city.
- Natural gas is more expensive in Panama city at $26.13 per unit, while it is cheaper at $14.01 in South plainfield.
- Utility expenses are equal in both Panama city and South plainfield averaging $250.