Cost of Living: Miami, FL vs Lincoln, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Miami | Lincoln |
|---|---|---|
| Housing Index | 140.5 | 85.0 |
| Median Home Price | $397,000 | $106,000 |
| Average Rent (2 BR Apartment) | $2800 | $1150 |
| Average Rent (2 BR House) | $2880 | $1200 |
Housing Comparison: Miami vs Lincoln
- In Miami, the median home price is higher at $397,000, while in Lincoln it is $106,000.
- Renting a two-bedroom apartment costs more in Miami at $2,800 than in Lincoln at $1,150.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Miami | Lincoln |
|---|---|---|
| Electricity Price | $13.89 | $16.15 |
| Natural Gas Price | $26.13 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Miami vs Lincoln
- Lincoln has higher electricity costs at $16.15 per kWh, versus $13.89 in Miami.
- Natural gas is more expensive in Miami at $26.13 per unit, while it is cheaper at $16.59 in Lincoln.
- Utility expenses are equal in both Miami and Lincoln averaging $250.