Cost of Living: Panacea, FL vs Belmont, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Panacea | Belmont |
|---|---|---|
| Housing Index | 85.0 | 165.0 |
| Median Home Price | $351,000 | $1,360,000 |
| Average Rent (2 BR Apartment) | $1600 | $3200 |
| Average Rent (2 BR House) | $1645.6 | $3400 |
Housing Comparison: Panacea vs Belmont
- The median home price in Belmont is higher at $1,360,000, compared to $351,000 in Panacea.
- In Belmont, the rental for a two-bedroom apartment stands at $3,200, while it is $1,600 in Panacea.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Panacea | Belmont |
|---|---|---|
| Electricity Price | $13.89 | $32.99 |
| Natural Gas Price | $26.13 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Panacea vs Belmont
- Belmont has higher electricity costs at $32.99 per kWh, versus $13.89 in Panacea.
- Natural gas is more expensive in Panacea at $26.13 per unit, while it is cheaper at $16.99 in Belmont.
- Utility expenses are equal in both Panacea and Belmont averaging $250.