Cost of Living: Redford, MI vs Coral gables, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Redford | Coral gables |
|---|---|---|
| Housing Index | 90.0 | 135.0 |
| Median Home Price | $162,500 | $1,112,000 |
| Average Rent (2 BR Apartment) | $1200 | $2500 |
| Average Rent (2 BR House) | $1250 | $2560 |
Housing Comparison: Redford vs Coral gables
- The median home price in Coral gables is higher at $1,112,000, compared to $162,500 in Redford.
- In Coral gables, the rental for a two-bedroom apartment stands at $2,500, while it is $1,200 in Redford.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Redford | Coral gables |
|---|---|---|
| Electricity Price | $19.88 | $13.89 |
| Natural Gas Price | $15.42 | $26.13 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Redford vs Coral gables
- Electricity costs are higher in Redford at $19.88 per kWh, compared to $13.89 in Coral gables.
- Coral gables experiences higher natural gas costs at $26.13 per unit, with costs at $15.42 in Redford.
- Coral gables has higher utility expenses, averaging $280, while Redford averages $250.