Cost of Living: Miami, FL vs Albertville, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Miami | Albertville |
|---|---|---|
| Housing Index | 140.5 | 79.0 |
| Median Home Price | $397,000 | $276,000 |
| Average Rent (2 BR Apartment) | $2800 | $950 |
| Average Rent (2 BR House) | $2880 | $1000 |
Housing Comparison: Miami vs Albertville
- In Miami, the median home price is higher at $397,000, while in Albertville it is $276,000.
- In Albertville, the rental for a two-bedroom apartment stands at $950, while it is $2,800 in Miami.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Miami | Albertville |
|---|---|---|
| Electricity Price | $13.89 | $15.03 |
| Natural Gas Price | $26.13 | $21.76 |
| Other Utilities | $250 | $210 |
Utilities Comparison: Miami vs Albertville
- Albertville has higher electricity costs at $15.03 per kWh, versus $13.89 in Miami.
- Natural gas is more expensive in Miami at $26.13 per unit, while it is cheaper at $21.76 in Albertville.
- Other utility costs are higher in Miami at an average of $250, compared to Albertville with $210.