Cost of Living: Paramus, NJ vs Malvern, PA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Paramus | Malvern |
|---|---|---|
| Housing Index | 135.0 | Data is updating |
| Median Home Price | $570,000 | $402,000 |
| Average Rent (2 BR Apartment) | $2700 | $Data is updating |
| Average Rent (2 BR House) | $2750 | $Data is updating |
Housing Comparison: Paramus vs Malvern
- In Paramus, the median home price is higher at $570,000, while in Malvern it is $402,000.
- The rent for a two-bedroom apartment is equal in both Paramus and Malvern at $2,700.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Paramus | Malvern |
|---|---|---|
| Electricity Price | $19.88 | $17.68 |
| Natural Gas Price | $14.01 | $17.61 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Paramus vs Malvern
- Electricity costs are higher in Paramus at $19.88 per kWh, compared to $17.68 in Malvern.
- Malvern experiences higher natural gas costs at $17.61 per unit, with costs at $14.01 in Paramus.
- Utility expenses are equal in both Paramus and Malvern averaging $250.