Cost of Living: Salem, OH vs Panacea, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Salem | Panacea |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $100,000 | $351,000 |
| Average Rent (2 BR Apartment) | $960 | $1600 |
| Average Rent (2 BR House) | $1024 | $1645.6 |
Housing Comparison: Salem vs Panacea
- The median home price in Panacea is higher at $351,000, compared to $100,000 in Salem.
- Renting a two-bedroom apartment costs more in Salem at $960 than in Panacea at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Salem | Panacea |
|---|---|---|
| Electricity Price | $15.92 | $13.89 |
| Natural Gas Price | $Data is updating | $26.13 |
| Other Utilities | $230 | $250 |
Utilities Comparison: Salem vs Panacea
- Electricity costs are higher in Salem at $15.92 per kWh, compared to $13.89 in Panacea.
- Natural gas price data is currently unavailable.
- Panacea has higher utility expenses, averaging $250, while Salem averages $230.