Cost of Living: Meridian, ID vs Sterling, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Meridian | Sterling |
|---|---|---|
| Housing Index | 115.0 | 90.0 |
| Median Home Price | $427,000 | $137,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1940 | $1360 |
Housing Comparison: Meridian vs Sterling
- In Meridian, the median home price is higher at $427,000, while in Sterling it is $137,000.
- Renting a two-bedroom apartment costs more in Meridian at $1,800 than in Sterling at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Meridian | Sterling |
|---|---|---|
| Electricity Price | $12.28 | $16.15 |
| Natural Gas Price | $9.87 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Meridian vs Sterling
- Sterling has higher electricity costs at $16.15 per kWh, versus $12.28 in Meridian.
- Natural gas is more expensive in Meridian at $9.87 per unit, while it is cheaper at $16.59 in Sterling.
- Utility expenses are equal in both Meridian and Sterling averaging $250.