Cost of Living: Panama city, FL vs Trenton, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Panama city | Trenton |
|---|---|---|
| Housing Index | 101.5 | 110.0 |
| Median Home Price | $288,000 | $271,000 |
| Average Rent (2 BR Apartment) | $1500 | $2000 |
| Average Rent (2 BR House) | $1536 | $2240 |
Housing Comparison: Panama city vs Trenton
- In Panama city, the median home price is higher at $288,000, while in Trenton it is $271,000.
- In Trenton, the rental for a two-bedroom apartment stands at $2,000, 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 | Trenton |
|---|---|---|
| Electricity Price | $13.89 | $19.88 |
| Natural Gas Price | $26.13 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Panama city vs Trenton
- Trenton 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 Trenton.
- Utility expenses are equal in both Panama city and Trenton averaging $250.