Cost of Living: Prescott, AZ vs Margate, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Prescott | Margate |
|---|---|---|
| Housing Index | 110.0 | 120.0 |
| Median Home Price | $531,000 | $233,300 |
| Average Rent (2 BR Apartment) | $1800 | $2200 |
| Average Rent (2 BR House) | $1840 | $2256 |
Housing Comparison: Prescott vs Margate
- In Prescott, the median home price is higher at $531,000, while in Margate it is $233,300.
- In Margate, the rental for a two-bedroom apartment stands at $2,200, while it is $1,800 in Prescott.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Prescott | Margate |
|---|---|---|
| Electricity Price | $15.14 | $13.89 |
| Natural Gas Price | $23.51 | $26.13 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Prescott vs Margate
- Electricity costs are higher in Prescott at $15.14 per kWh, compared to $13.89 in Margate.
- Margate experiences higher natural gas costs at $26.13 per unit, with costs at $23.51 in Prescott.
- Margate has higher utility expenses, averaging $280, while Prescott averages $250.