Cost of Living: Meridian, ID vs Ferndale, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Meridian | Ferndale |
|---|---|---|
| Housing Index | 115.0 | Data is updating |
| Median Home Price | $427,000 | $223,000 |
| Average Rent (2 BR Apartment) | $1800 | $Data is updating |
| Average Rent (2 BR House) | $1940 | $Data is updating |
Housing Comparison: Meridian vs Ferndale
- In Meridian, the median home price is higher at $427,000, while in Ferndale it is $223,000.
- The rent for a two-bedroom apartment is equal in both Meridian and Ferndale at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Meridian | Ferndale |
|---|---|---|
| Electricity Price | $12.28 | $19.88 |
| Natural Gas Price | $9.87 | $15.42 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Meridian vs Ferndale
- Ferndale has higher electricity costs at $19.88 per kWh, versus $12.28 in Meridian.
- Natural gas is more expensive in Meridian at $9.87 per unit, while it is cheaper at $15.42 in Ferndale.
- Utility expenses are equal in both Meridian and Ferndale averaging $250.