Cost of Living: Chama, NM vs Laurel, MT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Chama | Laurel |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $250,000 | $299,000 |
| Average Rent (2 BR Apartment) | $800 | $960 |
| Average Rent (2 BR House) | $850 | $1024 |
Housing Comparison: Chama vs Laurel
- The median home price in Laurel is higher at $299,000, compared to $250,000 in Chama.
- In Laurel, the rental for a two-bedroom apartment stands at $960, while it is $800 in Chama.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Chama | Laurel |
|---|---|---|
| Electricity Price | $14.44 | $13.58 |
| Natural Gas Price | $Data is updating | $8.31 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Chama vs Laurel
- Electricity costs are higher in Chama at $14.44 per kWh, compared to $13.58 in Laurel.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Chama and Laurel averaging $200.