Cost of Living: Montgomery, AL vs Miami, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Montgomery | Miami |
|---|---|---|
| Housing Index | 89.0 | 140.5 |
| Median Home Price | $250,000 | $397,000 |
| Average Rent (2 BR Apartment) | $950 | $2800 |
| Average Rent (2 BR House) | $1000 | $2880 |
Housing Comparison: Montgomery vs Miami
- The median home price in Miami is higher at $397,000, compared to $250,000 in Montgomery.
- Renting a two-bedroom apartment costs more in Montgomery at $950 than in 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 | Montgomery | Miami |
|---|---|---|
| Electricity Price | $15.03 | $13.89 |
| Natural Gas Price | $21.76 | $26.13 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Montgomery vs Miami
- Electricity costs are higher in Montgomery at $15.03 per kWh, compared to $13.89 in Miami.
- Miami experiences higher natural gas costs at $26.13 per unit, with costs at $21.76 in Montgomery.
- Miami has higher utility expenses, averaging $250, while Montgomery averages $220.