Cost of Living: Madison, MS vs Coral gables, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Coral gables |
|---|---|---|
| Housing Index | 110.0 | 135.0 |
| Median Home Price | $281,000 | $1,112,000 |
| Average Rent (2 BR Apartment) | $1200 | $2500 |
| Average Rent (2 BR House) | $1280 | $2560 |
Housing Comparison: Madison vs Coral gables
- The median home price in Coral gables is higher at $1,112,000, compared to $281,000 in Madison.
- In Coral gables, the rental for a two-bedroom apartment stands at $2,500, while it is $1,200 in Madison.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Madison | Coral gables |
|---|---|---|
| Electricity Price | $13.42 | $13.89 |
| Natural Gas Price | $22.19 | $26.13 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Madison vs Coral gables
- Coral gables has higher electricity costs at $13.89 per kWh, versus $13.42 in Madison.
- Coral gables experiences higher natural gas costs at $26.13 per unit, with costs at $22.19 in Madison.
- Coral gables has higher utility expenses, averaging $280, while Madison averages $250.