Cost of Living: Paramus, NJ vs Orefield, PA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Paramus | Orefield |
|---|---|---|
| Housing Index | 135.0 | 110.0 |
| Median Home Price | $570,000 | $260,000 |
| Average Rent (2 BR Apartment) | $2700 | $1600 |
| Average Rent (2 BR House) | $2750 | $1500 |
Housing Comparison: Paramus vs Orefield
- In Paramus, the median home price is higher at $570,000, while in Orefield it is $260,000.
- Renting a two-bedroom apartment costs more in Paramus at $2,700 than in Orefield 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 | Orefield |
|---|---|---|
| Electricity Price | $19.88 | $17.68 |
| Natural Gas Price | $14.01 | $17.61 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Paramus vs Orefield
- Electricity costs are higher in Paramus at $19.88 per kWh, compared to $17.68 in Orefield.
- Orefield experiences higher natural gas costs at $17.61 per unit, with costs at $14.01 in Paramus.
- Orefield has higher utility expenses, averaging $280, while Paramus averages $250.