Cost of Living: Miami beach, FL vs Covington, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Miami beach | Covington |
|---|---|---|
| Housing Index | 155.0 | 85.0 |
| Median Home Price | $597,000 | $205,000 |
| Average Rent (2 BR Apartment) | $3200 | $1200 |
| Average Rent (2 BR House) | $3280 | $1000 |
Housing Comparison: Miami beach vs Covington
- In Miami beach, the median home price is higher at $597,000, while in Covington it is $205,000.
- Renting a two-bedroom apartment costs more in Miami beach at $3,200 than in Covington 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 | Miami beach | Covington |
|---|---|---|
| Electricity Price | $13.89 | $12.57 |
| Natural Gas Price | $26.13 | $12.35 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Miami beach vs Covington
- Electricity costs are higher in Miami beach at $13.89 per kWh, compared to $12.57 in Covington.
- Natural gas is more expensive in Miami beach at $26.13 per unit, while it is cheaper at $12.35 in Covington.
- Utility expenses are equal in both Miami beach and Covington averaging $200.