Cost of Living: Madison, MS vs Salt lake city, UT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Salt lake city |
|---|---|---|
| Housing Index | 110.0 | 125.0 |
| Median Home Price | $281,000 | $469,000 |
| Average Rent (2 BR Apartment) | $1200 | $1750 |
| Average Rent (2 BR House) | $1280 | $1950 |
Housing Comparison: Madison vs Salt lake city
- The median home price in Salt lake city is higher at $469,000, compared to $281,000 in Madison.
- In Salt lake city, the rental for a two-bedroom apartment stands at $1,750, 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 | Salt lake city |
|---|---|---|
| Electricity Price | $13.42 | $11.5 |
| Natural Gas Price | $22.19 | $14 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Madison vs Salt lake city
- Electricity costs are higher in Madison at $13.42 per kWh, compared to $11.5 in Salt lake city.
- Natural gas is more expensive in Madison at $22.19 per unit, while it is cheaper at $14 in Salt lake city.
- Utility expenses are equal in both Madison and Salt lake city averaging $250.