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Cost of Living Calculator - Parsippany-Troy Hills, New Jersey vs Carmel, Indiana

The cost of living in Carmel, Indiana is 19.5% cheaper than Parsippany-Troy Hills, New Jersey.

You would need a salary of $60,406 in Carmel, Indiana to maintain the standard of living you have in Parsippany-Troy Hills, New Jersey.
Comparison highlights
• Overall, Carmel, Indiana is cheaper than Parsippany-Troy Hills, New Jersey
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
9% cheaper in Carmel
than in Parsippany-Troy Hills, New Jersey
Parsippany Troy Hills, NJ vs Carmel, IN
Compared to Parsippany Troy Hills, Carmel is:
  Homeowner
      No Child Care, Taxes not Considered
  19.5% lower
      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Renter
      No Child Care, Taxes not Considered
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      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Food
  5.1% lower
  Housing (Homeowner)
  18.0% lower
  Housing (Rent)
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  Median Home Cost
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  Utilities
  13.0% lower
  Commute
  32.1% lower
  Health
  0.1% higher
  Taxes
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  Childcare
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  Personal
  7.4% lower
Cost of Food
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