Cost of Living: Meridian, ID vs Independence, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Meridian | Independence |
|---|---|---|
| Housing Index | 115.0 | 90.0 |
| Median Home Price | $427,000 | $182,500 |
| Average Rent (2 BR Apartment) | $1800 | $1050 |
| Average Rent (2 BR House) | $1940 | $840 |
Housing Comparison: Meridian vs Independence
- In Meridian, the median home price is higher at $427,000, while in Independence it is $182,500.
- Renting a two-bedroom apartment costs more in Meridian at $1,800 than in Independence at $1,050.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Meridian | Independence |
|---|---|---|
| Electricity Price | $12.28 | $14.64 |
| Natural Gas Price | $9.87 | $23.25 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Meridian vs Independence
- Independence has higher electricity costs at $14.64 per kWh, versus $12.28 in Meridian.
- Natural gas is more expensive in Meridian at $9.87 per unit, while it is cheaper at $23.25 in Independence.
- Utility expenses are equal in both Meridian and Independence averaging $250.