Cost of Living: Palmetto, FL vs Covington, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Palmetto | Covington |
|---|---|---|
| Housing Index | 115.0 | 90.0 |
| Median Home Price | $285,000 | $178,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1825 | $1360 |
Housing Comparison: Palmetto vs Covington
- In Palmetto, the median home price is higher at $285,000, while in Covington it is $178,000.
- Renting a two-bedroom apartment costs more in Palmetto at $1,800 than in Covington at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Palmetto | Covington |
|---|---|---|
| Electricity Price | $13.89 | $15.31 |
| Natural Gas Price | $26.13 | $19.91 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Palmetto vs Covington
- Covington has higher electricity costs at $15.31 per kWh, versus $13.89 in Palmetto.
- Natural gas is more expensive in Palmetto at $26.13 per unit, while it is cheaper at $19.91 in Covington.
- Other utility costs are higher in Palmetto at an average of $250, compared to Covington with $200.