Cost of Living: Miami, FL vs Chanhassen, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Miami | Chanhassen |
|---|---|---|
| Housing Index | 140.5 | 120.0 |
| Median Home Price | $397,000 | $481,500 |
| Average Rent (2 BR Apartment) | $2800 | $1800 |
| Average Rent (2 BR House) | $2880 | $1856 |
Housing Comparison: Miami vs Chanhassen
- The median home price in Chanhassen is higher at $481,500, compared to $397,000 in Miami.
- Renting a two-bedroom apartment costs more in Miami at $2,800 than in Chanhassen 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 | Miami | Chanhassen |
|---|---|---|
| Electricity Price | $13.89 | $16.38 |
| Natural Gas Price | $26.13 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Miami vs Chanhassen
- Chanhassen has higher electricity costs at $16.38 per kWh, versus $13.89 in Miami.
- Natural gas is more expensive in Miami at $26.13 per unit, while it is cheaper at $14.87 in Chanhassen.
- Utility expenses are equal in both Miami and Chanhassen averaging $250.