Cost of Living: Paramus, NJ vs Cocoa beach, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Paramus | Cocoa beach |
|---|---|---|
| Housing Index | 135.0 | 120.0 |
| Median Home Price | $570,000 | $389,000 |
| Average Rent (2 BR Apartment) | $2700 | $2200 |
| Average Rent (2 BR House) | $2750 | $2240 |
Housing Comparison: Paramus vs Cocoa beach
- In Paramus, the median home price is higher at $570,000, while in Cocoa beach it is $389,000.
- Renting a two-bedroom apartment costs more in Paramus at $2,700 than in Cocoa beach at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Paramus | Cocoa beach |
|---|---|---|
| Electricity Price | $19.88 | $13.89 |
| Natural Gas Price | $14.01 | $26.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Paramus vs Cocoa beach
- Electricity costs are higher in Paramus at $19.88 per kWh, compared to $13.89 in Cocoa beach.
- Cocoa beach experiences higher natural gas costs at $26.13 per unit, with costs at $14.01 in Paramus.
- Utility expenses are equal in both Paramus and Cocoa beach averaging $250.