Cost of Living: Merced, CA vs Cornelius, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Merced | Cornelius |
|---|---|---|
| Housing Index | 115.0 | 110.0 |
| Median Home Price | $358,000 | $377,500 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $1825 | $1840 |
Housing Comparison: Merced vs Cornelius
- The median home price in Cornelius is higher at $377,500, compared to $358,000 in Merced.
- The rent for a two-bedroom apartment is equal in both Merced and Cornelius at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Merced | Cornelius |
|---|---|---|
| Electricity Price | $32.99 | $13.72 |
| Natural Gas Price | $16.99 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Merced vs Cornelius
- Electricity costs are higher in Merced at $32.99 per kWh, compared to $13.72 in Cornelius.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Merced and Cornelius averaging $250.