Cost of Living: Rumford, ME vs Palmetto, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Rumford | Palmetto |
|---|---|---|
| Housing Index | 85.2 | 115.0 |
| Median Home Price | $210,000 | $285,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1360 | $1825 |
Housing Comparison: Rumford vs Palmetto
- The median home price in Palmetto is higher at $285,000, compared to $210,000 in Rumford.
- In Palmetto, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Rumford.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Rumford | Palmetto |
|---|---|---|
| Electricity Price | $22.26 | $13.89 |
| Natural Gas Price | $21.63 | $26.13 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Rumford vs Palmetto
- Electricity costs are higher in Rumford at $22.26 per kWh, compared to $13.89 in Palmetto.
- Palmetto experiences higher natural gas costs at $26.13 per unit, with costs at $21.63 in Rumford.
- Palmetto has higher utility expenses, averaging $250, while Rumford averages $220.