Cost of Living: Santa monica, CA vs Franklin, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Santa monica | Franklin |
|---|---|---|
| Housing Index | 140.5 | 85.0 |
| Median Home Price | $1,380,000 | $245,000 |
| Average Rent (2 BR Apartment) | $3500 | $1200 |
| Average Rent (2 BR House) | $3680 | $1272 |
Housing Comparison: Santa monica vs Franklin
- In Santa monica, the median home price is higher at $1,380,000, while in Franklin it is $245,000.
- Renting a two-bedroom apartment costs more in Santa monica at $3,500 than in Franklin at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Santa monica | Franklin |
|---|---|---|
| Electricity Price | $32.99 | $14.89 |
| Natural Gas Price | $16.99 | $Data is updating |
| Other Utilities | $220 | $250 |
Utilities Comparison: Santa monica vs Franklin
- Electricity costs are higher in Santa monica at $32.99 per kWh, compared to $14.89 in Franklin.
- Natural gas price data is currently unavailable.
- Franklin has higher utility expenses, averaging $250, while Santa monica averages $220.