Cost of Living: Paterson, NJ vs Charlotte, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Paterson | Charlotte |
|---|---|---|
| Housing Index | Data is updating | Data is updating |
| Median Home Price | $357,000 | $250,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $Data is updating |
| Average Rent (2 BR House) | $Data is updating | $Data is updating |
Housing Comparison: Paterson vs Charlotte
- In Paterson, the median home price is higher at $357,000, while in Charlotte it is $250,000.
- The rent for a two-bedroom apartment is equal in both Paterson and Charlotte at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Paterson | Charlotte |
|---|---|---|
| Electricity Price | $19.88 | $12.57 |
| Natural Gas Price | $14.01 | $12.35 |
| Other Utilities | $Data is updating | $Data is updating |
Utilities Comparison: Paterson vs Charlotte
- Electricity costs are higher in Paterson at $19.88 per kWh, compared to $12.57 in Charlotte.
- Natural gas is more expensive in Paterson at $14.01 per unit, while it is cheaper at $12.35 in Charlotte.
- Utility expenses are equal in both Paterson and Charlotte averaging $0.0.