Cost of Living: Palm bay, FL vs Loretto, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Palm bay | Loretto |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $346,000 | $175,000 |
| Average Rent (2 BR Apartment) | $1600 | $Data is updating |
| Average Rent (2 BR House) | $1645 | $Data is updating |
Housing Comparison: Palm bay vs Loretto
- In Palm bay, the median home price is higher at $346,000, while in Loretto it is $175,000.
- The rent for a two-bedroom apartment is equal in both Palm bay and Loretto at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Palm bay | Loretto |
|---|---|---|
| Electricity Price | $13.89 | $12.87 |
| Natural Gas Price | $26.13 | $22.78 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Palm bay vs Loretto
- Electricity costs are higher in Palm bay at $13.89 per kWh, compared to $12.87 in Loretto.
- Natural gas is more expensive in Palm bay at $26.13 per unit, while it is cheaper at $22.78 in Loretto.
- Utility expenses are equal in both Palm bay and Loretto averaging $200.