Cost of Living: Lancaster, SC vs Miami, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lancaster | Miami |
|---|---|---|
| Housing Index | 90.0 | 140.5 |
| Median Home Price | $207,000 | $397,000 |
| Average Rent (2 BR Apartment) | $1410 | $2800 |
| Average Rent (2 BR House) | $1480 | $2880 |
Housing Comparison: Lancaster vs Miami
- The median home price in Miami is higher at $397,000, compared to $207,000 in Lancaster.
- In Miami, the rental for a two-bedroom apartment stands at $2,800, while it is $1,410 in Lancaster.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lancaster | Miami |
|---|---|---|
| Electricity Price | $14.18 | $13.89 |
| Natural Gas Price | $23.51 | $26.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lancaster vs Miami
- Electricity costs are higher in Lancaster at $14.18 per kWh, compared to $13.89 in Miami.
- Miami experiences higher natural gas costs at $26.13 per unit, with costs at $23.51 in Lancaster.
- Utility expenses are equal in both Lancaster and Miami averaging $250.