Cost of Living: Red bay, AL vs Tavares, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red bay | Tavares |
|---|---|---|
| Housing Index | 90.0 | 98.0 |
| Median Home Price | $167,000 | $345,000 |
| Average Rent (2 BR Apartment) | $960 | $1700 |
| Average Rent (2 BR House) | $992 | $1744.8 |
Housing Comparison: Red bay vs Tavares
- The median home price in Tavares is higher at $345,000, compared to $167,000 in Red bay.
- Renting a two-bedroom apartment costs more in Red bay at $960 than in Tavares at $1,700.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Red bay | Tavares |
|---|---|---|
| Electricity Price | $15.03 | $13.89 |
| Natural Gas Price | $21.76 | $26.13 |
| Other Utilities | $220 | $230 |
Utilities Comparison: Red bay vs Tavares
- Electricity costs are higher in Red bay at $15.03 per kWh, compared to $13.89 in Tavares.
- Tavares experiences higher natural gas costs at $26.13 per unit, with costs at $21.76 in Red bay.
- Tavares has higher utility expenses, averaging $230, while Red bay averages $220.