Cost of Living: Paramount, CA vs Farmington, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Paramount | Farmington |
|---|---|---|
| Housing Index | Data is updating | 110.2 |
| Median Home Price | $589,000 | $346,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1600 |
| Average Rent (2 BR House) | $Data is updating | $1640 |
Housing Comparison: Paramount vs Farmington
- In Paramount, the median home price is higher at $589,000, while in Farmington it is $346,000.
- The rent for a two-bedroom apartment is equal in both Paramount and Farmington at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Paramount | Farmington |
|---|---|---|
| Electricity Price | $32.99 | $16.38 |
| Natural Gas Price | $16.99 | $14.87 |
| Other Utilities | $Data is updating | $220 |
Utilities Comparison: Paramount vs Farmington
- Electricity costs are higher in Paramount at $32.99 per kWh, compared to $16.38 in Farmington.
- Natural gas is more expensive in Paramount at $16.99 per unit, while it is cheaper at $14.87 in Farmington.
- Utility expenses are equal in both Paramount and Farmington averaging $0.0.