Cost of Living: Palm bay, FL vs Westerly, RI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Palm bay | Westerly |
|---|---|---|
| Housing Index | 90.0 | 120.0 |
| Median Home Price | $346,000 | $435,000 |
| Average Rent (2 BR Apartment) | $1600 | $1800 |
| Average Rent (2 BR House) | $1645 | $1840 |
Housing Comparison: Palm bay vs Westerly
- The median home price in Westerly is higher at $435,000, compared to $346,000 in Palm bay.
- In Westerly, the rental for a two-bedroom apartment stands at $1,800, 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 | Westerly |
|---|---|---|
| Electricity Price | $13.89 | $27.03 |
| Natural Gas Price | $26.13 | $21.52 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Palm bay vs Westerly
- Westerly has higher electricity costs at $27.03 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 $21.52 in Westerly.
- Westerly has higher utility expenses, averaging $250, while Palm bay averages $200.