Cost of Living: Palm bay, FL vs El dorado, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Palm bay | El dorado |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $346,000 | $135,000 |
| Average Rent (2 BR Apartment) | $1600 | $800 |
| Average Rent (2 BR House) | $1645 | $816 |
Housing Comparison: Palm bay vs El dorado
- In Palm bay, the median home price is higher at $346,000, while in El dorado it is $135,000.
- In El dorado, the rental for a two-bedroom apartment stands at $800, while it is $1,600 in Palm bay.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Palm bay | El dorado |
|---|---|---|
| Electricity Price | $13.89 | $12.36 |
| Natural Gas Price | $26.13 | $17.08 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Palm bay vs El dorado
- Electricity costs are higher in Palm bay at $13.89 per kWh, compared to $12.36 in El dorado.
- Natural gas is more expensive in Palm bay at $26.13 per unit, while it is cheaper at $17.08 in El dorado.
- Utility expenses are equal in both Palm bay and El dorado averaging $200.