Cost of Living: Merced, CA vs North miami, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Merced | North miami |
|---|---|---|
| Housing Index | 115.0 | 120.8 |
| Median Home Price | $358,000 | $356,000 |
| Average Rent (2 BR Apartment) | $1800 | $2200 |
| Average Rent (2 BR House) | $1825 | $2240 |
Housing Comparison: Merced vs North miami
- In Merced, the median home price is higher at $358,000, while in North miami it is $356,000.
- In North miami, the rental for a two-bedroom apartment stands at $2,200, while it is $1,800 in Merced.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Merced | North miami |
|---|---|---|
| Electricity Price | $32.99 | $13.89 |
| Natural Gas Price | $16.99 | $26.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Merced vs North miami
- Electricity costs are higher in Merced at $32.99 per kWh, compared to $13.89 in North miami.
- North miami experiences higher natural gas costs at $26.13 per unit, with costs at $16.99 in Merced.
- Utility expenses are equal in both Merced and North miami averaging $250.