Cost of Living: Monroe, MI vs Rayville, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Rayville |
|---|---|---|
| Housing Index | 90.4 | Data is updating |
| Median Home Price | $163,000 | $125,000 |
| Average Rent (2 BR Apartment) | $900 | $Data is updating |
| Average Rent (2 BR House) | $1000 | $Data is updating |
Housing Comparison: Monroe vs Rayville
- In Monroe, the median home price is higher at $163,000, while in Rayville it is $125,000.
- The rent for a two-bedroom apartment is equal in both Monroe and Rayville at $900.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monroe | Rayville |
|---|---|---|
| Electricity Price | $19.88 | $11.42 |
| Natural Gas Price | $15.42 | $19.48 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Monroe vs Rayville
- Electricity costs are higher in Monroe at $19.88 per kWh, compared to $11.42 in Rayville.
- Rayville experiences higher natural gas costs at $19.48 per unit, with costs at $15.42 in Monroe.
- Utility expenses are equal in both Monroe and Rayville averaging $250.