Cost of Living: Louisville, KY vs Miami, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Louisville | Miami |
|---|---|---|
| Housing Index | 90.0 | 140.5 |
| Median Home Price | $200,000 | $397,000 |
| Average Rent (2 BR Apartment) | $1200 | $2800 |
| Average Rent (2 BR House) | $1280 | $2880 |
Housing Comparison: Louisville vs Miami
- The median home price in Miami is higher at $397,000, compared to $200,000 in Louisville.
- In Miami, the rental for a two-bedroom apartment stands at $2,800, while it is $1,200 in Louisville.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Louisville | Miami |
|---|---|---|
| Electricity Price | $12.87 | $13.89 |
| Natural Gas Price | $22.78 | $26.13 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Louisville vs Miami
- Miami has higher electricity costs at $13.89 per kWh, versus $12.87 in Louisville.
- Miami experiences higher natural gas costs at $26.13 per unit, with costs at $22.78 in Louisville.
- Miami has higher utility expenses, averaging $250, while Louisville averages $150.