Cost of Living: Otsego, MI vs Palmetto, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Otsego | Palmetto |
|---|---|---|
| Housing Index | 90.1 | 115.0 |
| Median Home Price | $208,000 | $285,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1230 | $1825 |
Housing Comparison: Otsego vs Palmetto
- The median home price in Palmetto is higher at $285,000, compared to $208,000 in Otsego.
- In Palmetto, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Otsego.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Otsego | Palmetto |
|---|---|---|
| Electricity Price | $19.88 | $13.89 |
| Natural Gas Price | $15.42 | $26.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Otsego vs Palmetto
- Electricity costs are higher in Otsego at $19.88 per kWh, compared to $13.89 in Palmetto.
- Palmetto experiences higher natural gas costs at $26.13 per unit, with costs at $15.42 in Otsego.
- Utility expenses are equal in both Otsego and Palmetto averaging $250.