Cost of Living: Simi valley, CA vs Independence, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Simi valley | Independence |
|---|---|---|
| Housing Index | 135.0 | 110.0 |
| Median Home Price | $650,000 | $308,000 |
| Average Rent (2 BR Apartment) | $2800 | $1200 |
| Average Rent (2 BR House) | $2850 | $1280 |
Housing Comparison: Simi valley vs Independence
- In Simi valley, the median home price is higher at $650,000, while in Independence it is $308,000.
- Renting a two-bedroom apartment costs more in Simi valley at $2,800 than in Independence 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 | Simi valley | Independence |
|---|---|---|
| Electricity Price | $32.99 | $12.87 |
| Natural Gas Price | $16.99 | $22.78 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Simi valley vs Independence
- Electricity costs are higher in Simi valley at $32.99 per kWh, compared to $12.87 in Independence.
- Independence experiences higher natural gas costs at $22.78 per unit, with costs at $16.99 in Simi valley.
- Utility expenses are equal in both Simi valley and Independence averaging $250.