Cost of Living: Paterson, NJ vs Torrance, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Paterson | Torrance |
|---|---|---|
| Housing Index | Data is updating | 135.0 |
| Median Home Price | $357,000 | $1,030,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $2800 |
| Average Rent (2 BR House) | $Data is updating | $2850 |
Housing Comparison: Paterson vs Torrance
- The median home price in Torrance is higher at $1,030,000, compared to $357,000 in Paterson.
- The rent for a two-bedroom apartment is equal in both Paterson and Torrance 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 | Torrance |
|---|---|---|
| Electricity Price | $19.88 | $32.99 |
| Natural Gas Price | $14.01 | $16.99 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Paterson vs Torrance
- Torrance has higher electricity costs at $32.99 per kWh, versus $19.88 in Paterson.
- Torrance experiences higher natural gas costs at $16.99 per unit, with costs at $14.01 in Paterson.
- Utility expenses are equal in both Paterson and Torrance averaging $0.0.