Cost of Living: Paterson, NJ vs Oak park, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Paterson | Oak park |
|---|---|---|
| Housing Index | 118.8 | 115.0 |
| Median Home Price | $357,000 | $398,000 |
| Average Rent (2 BR Apartment) | $2586 | $1409 |
| Average Rent (2 BR House) | $2811 | $1532 |
Housing Comparison: Paterson vs Oak park
- The median home price in Oak park is higher at $398,000, compared to $357,000 in Paterson.
- Renting a two-bedroom apartment costs more in Paterson at $2,586 than in Oak park at $1,409.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Paterson | Oak park |
|---|---|---|
| Electricity Price | $19.88 | $16.15 |
| Natural Gas Price | $14.01 | $16.59 |
| Other Utilities | $261 | $250 |
Utilities Comparison: Paterson vs Oak park
- Electricity costs are higher in Paterson at $19.88 per kWh, compared to $16.15 in Oak park.
- Oak park experiences higher natural gas costs at $16.59 per unit, with costs at $14.01 in Paterson.
- Other utility costs are higher in Paterson at an average of $261, compared to Oak park with $250.