Cost of Living: Monterey park, CA vs Miami, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monterey park | Miami |
|---|---|---|
| Housing Index | 140.0 | 140.5 |
| Median Home Price | $837,000 | $397,000 |
| Average Rent (2 BR Apartment) | $2800 | $2800 |
| Average Rent (2 BR House) | $2880 | $2880 |
Housing Comparison: Monterey park vs Miami
- In Monterey park, the median home price is higher at $837,000, while in Miami it is $397,000.
- The rent for a two-bedroom apartment is equal in both Monterey park and Miami at $2,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monterey park | Miami |
|---|---|---|
| Electricity Price | $32.99 | $13.89 |
| Natural Gas Price | $16.99 | $26.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monterey park vs Miami
- Electricity costs are higher in Monterey park at $32.99 per kWh, compared to $13.89 in Miami.
- Miami experiences higher natural gas costs at $26.13 per unit, with costs at $16.99 in Monterey park.
- Utility expenses are equal in both Monterey park and Miami averaging $250.