Cost of Living: Southfield, MI vs Miami, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Southfield | Miami |
|---|---|---|
| Housing Index | 105.0 | 140.5 |
| Median Home Price | $264,000 | $397,000 |
| Average Rent (2 BR Apartment) | $1400 | $2800 |
| Average Rent (2 BR House) | $1440 | $2880 |
Housing Comparison: Southfield vs Miami
- The median home price in Miami is higher at $397,000, compared to $264,000 in Southfield.
- In Miami, the rental for a two-bedroom apartment stands at $2,800, while it is $1,400 in Southfield.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Southfield | Miami |
|---|---|---|
| Electricity Price | $19.88 | $13.89 |
| Natural Gas Price | $15.42 | $26.13 |
| Other Utilities | $260 | $250 |
Utilities Comparison: Southfield vs Miami
- Electricity costs are higher in Southfield at $19.88 per kWh, compared to $13.89 in Miami.
- Miami experiences higher natural gas costs at $26.13 per unit, with costs at $15.42 in Southfield.
- Other utility costs are higher in Southfield at an average of $260, compared to Miami with $250.