Cost of Living: Palm bay, FL vs Tuscaloosa, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Palm bay | Tuscaloosa |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $346,000 | $249,900 |
| Average Rent (2 BR Apartment) | $1600 | $950 |
| Average Rent (2 BR House) | $1645 | $1000 |
Housing Comparison: Palm bay vs Tuscaloosa
- In Palm bay, the median home price is higher at $346,000, while in Tuscaloosa it is $249,900.
- In Tuscaloosa, the rental for a two-bedroom apartment stands at $950, 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 | Tuscaloosa |
|---|---|---|
| Electricity Price | $13.89 | $15.03 |
| Natural Gas Price | $26.13 | $21.76 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Palm bay vs Tuscaloosa
- Tuscaloosa has higher electricity costs at $15.03 per kWh, versus $13.89 in Palm bay.
- Natural gas is more expensive in Palm bay at $26.13 per unit, while it is cheaper at $21.76 in Tuscaloosa.
- Utility expenses are equal in both Palm bay and Tuscaloosa averaging $200.