Cost of Living: Paramus, NJ vs Morristown, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Paramus | Morristown |
|---|---|---|
| Housing Index | 135.0 | Data is updating |
| Median Home Price | $570,000 | $150,000 |
| Average Rent (2 BR Apartment) | $2700 | $Data is updating |
| Average Rent (2 BR House) | $2750 | $Data is updating |
Housing Comparison: Paramus vs Morristown
- In Paramus, the median home price is higher at $570,000, while in Morristown it is $150,000.
- The rent for a two-bedroom apartment is equal in both Paramus and Morristown 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 | Morristown |
|---|---|---|
| Electricity Price | $19.88 | $14.89 |
| Natural Gas Price | $14.01 | $Data is updating |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Paramus vs Morristown
- Electricity costs are higher in Paramus at $19.88 per kWh, compared to $14.89 in Morristown.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Paramus and Morristown averaging $250.