Cost of Living: Detroit lakes, MN vs Deerfield beach, FL

Housing

The housing market plays a significant role in determining the cost of living.

Metric Detroit lakes Deerfield beach
Housing Index 95.0 125.4
Median Home Price $218,000 $429,000
Average Rent (2 BR Apartment) $1240 $2200
Average Rent (2 BR House) $1296 $2320

Housing Comparison: Detroit lakes vs Deerfield beach

  • The median home price in Deerfield beach is higher at $429,000, compared to $218,000 in Detroit lakes.
  • In Deerfield beach, the rental for a two-bedroom apartment stands at $2,200, while it is $1,240 in Detroit lakes.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.

Metric Detroit lakes Deerfield beach
Electricity Price $16.38 $13.89
Natural Gas Price $14.87 $26.13
Other Utilities $220 $250

Utilities Comparison: Detroit lakes vs Deerfield beach

  • Electricity costs are higher in Detroit lakes at $16.38 per kWh, compared to $13.89 in Deerfield beach.
  • Deerfield beach experiences higher natural gas costs at $26.13 per unit, with costs at $14.87 in Detroit lakes.
  • Deerfield beach has higher utility expenses, averaging $250, while Detroit lakes averages $220.