Cost of Living: Beverly, MA vs Edgewater, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Beverly | Edgewater |
|---|---|---|
| Housing Index | 125.0 | 95.0 |
| Median Home Price | $647,000 | $329,000 |
| Average Rent (2 BR Apartment) | $2400 | $1500 |
| Average Rent (2 BR House) | $2450 | $1600 |
Housing Comparison: Beverly vs Edgewater
- In Beverly, the median home price is higher at $647,000, while in Edgewater it is $329,000.
- Renting a two-bedroom apartment costs more in Beverly at $2,400 than in Edgewater at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Beverly | Edgewater |
|---|---|---|
| Electricity Price | $28.15 | $13.89 |
| Natural Gas Price | $21.62 | $26.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Beverly vs Edgewater
- Electricity costs are higher in Beverly at $28.15 per kWh, compared to $13.89 in Edgewater.
- Edgewater experiences higher natural gas costs at $26.13 per unit, with costs at $21.62 in Beverly.
- Utility expenses are equal in both Beverly and Edgewater averaging $250.