Cost of Living: Paramus, NJ vs Arvada, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Paramus | Arvada |
|---|---|---|
| Housing Index | 135.0 | 120.0 |
| Median Home Price | $570,000 | $477,000 |
| Average Rent (2 BR Apartment) | $2700 | $2000 |
| Average Rent (2 BR House) | $2750 | $2056 |
Housing Comparison: Paramus vs Arvada
- In Paramus, the median home price is higher at $570,000, while in Arvada it is $477,000.
- Renting a two-bedroom apartment costs more in Paramus at $2,700 than in Arvada at $2,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Paramus | Arvada |
|---|---|---|
| Electricity Price | $19.88 | $15.21 |
| Natural Gas Price | $14.01 | $11.3 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Paramus vs Arvada
- Electricity costs are higher in Paramus at $19.88 per kWh, compared to $15.21 in Arvada.
- Natural gas is more expensive in Paramus at $14.01 per unit, while it is cheaper at $11.3 in Arvada.
- Utility expenses are equal in both Paramus and Arvada averaging $250.