Cost of Living: Paramus, NJ vs Hendersonville, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Paramus | Hendersonville |
|---|---|---|
| Housing Index | 135.0 | 95.0 |
| Median Home Price | $570,000 | $386,000 |
| Average Rent (2 BR Apartment) | $2700 | $1500 |
| Average Rent (2 BR House) | $2750 | $1600 |
Housing Comparison: Paramus vs Hendersonville
- In Paramus, the median home price is higher at $570,000, while in Hendersonville it is $386,000.
- Renting a two-bedroom apartment costs more in Paramus at $2,700 than in Hendersonville at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Paramus | Hendersonville |
|---|---|---|
| Electricity Price | $19.88 | $12.57 |
| Natural Gas Price | $14.01 | $12.35 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Paramus vs Hendersonville
- Electricity costs are higher in Paramus at $19.88 per kWh, compared to $12.57 in Hendersonville.
- Natural gas is more expensive in Paramus at $14.01 per unit, while it is cheaper at $12.35 in Hendersonville.
- Utility expenses are equal in both Paramus and Hendersonville averaging $250.