Cost of Living: Palmetto, FL vs Midland, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Palmetto | Midland |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $285,000 | $345,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1825 | $1270 |
Housing Comparison: Palmetto vs Midland
- The median home price in Midland is higher at $345,000, compared to $285,000 in Palmetto.
- Renting a two-bedroom apartment costs more in Palmetto at $1,800 than in Midland 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 | Midland |
|---|---|---|
| Electricity Price | $13.89 | $14.47 |
| Natural Gas Price | $26.13 | $26.29 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Palmetto vs Midland
- Midland has higher electricity costs at $14.47 per kWh, versus $13.89 in Palmetto.
- Midland experiences higher natural gas costs at $26.29 per unit, with costs at $26.13 in Palmetto.
- Other utility costs are higher in Palmetto at an average of $250, compared to Midland with $200.