Cost of Living: Paramus, NJ vs Bernalillo, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Paramus | Bernalillo |
|---|---|---|
| Housing Index | 135.0 | 95.0 |
| Median Home Price | $570,000 | $270,000 |
| Average Rent (2 BR Apartment) | $2700 | $1600 |
| Average Rent (2 BR House) | $2750 | $1640 |
Housing Comparison: Paramus vs Bernalillo
- In Paramus, the median home price is higher at $570,000, while in Bernalillo it is $270,000.
- Renting a two-bedroom apartment costs more in Paramus at $2,700 than in Bernalillo at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Paramus | Bernalillo |
|---|---|---|
| Electricity Price | $19.88 | $14.44 |
| Natural Gas Price | $14.01 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Paramus vs Bernalillo
- Electricity costs are higher in Paramus at $19.88 per kWh, compared to $14.44 in Bernalillo.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Paramus and Bernalillo averaging $250.