Cost of Living: Monterey, VA vs Montgomery, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monterey | Montgomery |
|---|---|---|
| Housing Index | 95.0 | 85.0 |
| Median Home Price | $202,500 | $260,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1246 | $1245 |
Housing Comparison: Monterey vs Montgomery
- The median home price in Montgomery is higher at $260,000, compared to $202,500 in Monterey.
- The rent for a two-bedroom apartment is equal in both Monterey and Montgomery 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 | Monterey | Montgomery |
|---|---|---|
| Electricity Price | $15.31 | $16.15 |
| Natural Gas Price | $19.91 | $16.59 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Monterey vs Montgomery
- Montgomery has higher electricity costs at $16.15 per kWh, versus $15.31 in Monterey.
- Natural gas is more expensive in Monterey at $19.91 per unit, while it is cheaper at $16.59 in Montgomery.
- Other utility costs are higher in Monterey at an average of $250, compared to Montgomery with $200.