Cost of Living: Merced, CA vs Farmington hills, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Merced | Farmington hills |
|---|---|---|
| Housing Index | 115.0 | 91 |
| Median Home Price | $358,000 | $292,000 |
| Average Rent (2 BR Apartment) | $1853 | $1139 |
| Average Rent (2 BR House) | $2014 | $1239 |
Housing Comparison: Merced vs Farmington hills
- In Merced, the median home price is higher at $358,000, while in Farmington hills it is $292,000.
- Renting a two-bedroom apartment costs more in Merced at $1,853 than in Farmington hills at $1,139.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Merced | Farmington hills |
|---|---|---|
| Electricity Price | $32.99 | $19.88 |
| Natural Gas Price | $16.99 | $15.42 |
| Other Utilities | $250 | $237 |
Utilities Comparison: Merced vs Farmington hills
- Electricity costs are higher in Merced at $32.99 per kWh, compared to $19.88 in Farmington hills.
- Natural gas is more expensive in Merced at $16.99 per unit, while it is cheaper at $15.42 in Farmington hills.
- Other utility costs are higher in Merced at an average of $250, compared to Farmington hills with $237.