Cost of Living: Palm bay, FL vs Lima, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Palm bay | Lima |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $346,000 | $84,800 |
| Average Rent (2 BR Apartment) | $1600 | $900 |
| Average Rent (2 BR House) | $1645 | $920 |
Housing Comparison: Palm bay vs Lima
- In Palm bay, the median home price is higher at $346,000, while in Lima it is $84,800.
- In Lima, the rental for a two-bedroom apartment stands at $900, 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 | Lima |
|---|---|---|
| Electricity Price | $13.89 | $15.92 |
| Natural Gas Price | $26.13 | $Data is updating |
| Other Utilities | $200 | $150 |
Utilities Comparison: Palm bay vs Lima
- Lima has higher electricity costs at $15.92 per kWh, versus $13.89 in Palm bay.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Palm bay at an average of $200, compared to Lima with $150.