Cost of Living: Miami, FL vs Detroit, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Miami | Detroit |
|---|---|---|
| Housing Index | 140.5 | 72.0 |
| Median Home Price | $397,000 | $100,000 |
| Average Rent (2 BR Apartment) | $2800 | $1200 |
| Average Rent (2 BR House) | $2880 | $1360 |
Housing Comparison: Miami vs Detroit
- In Miami, the median home price is higher at $397,000, while in Detroit it is $100,000.
- Renting a two-bedroom apartment costs more in Miami at $2,800 than in Detroit 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 | Detroit |
|---|---|---|
| Electricity Price | $13.89 | $19.88 |
| Natural Gas Price | $26.13 | $15.42 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Miami vs Detroit
- Detroit has higher electricity costs at $19.88 per kWh, versus $13.89 in Miami.
- Natural gas is more expensive in Miami at $26.13 per unit, while it is cheaper at $15.42 in Detroit.
- Other utility costs are higher in Miami at an average of $250, compared to Detroit with $200.