Cost of Living: Montgomery, AL vs Parker, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Montgomery | Parker |
|---|---|---|
| Housing Index | 89.0 | 138.0 |
| Median Home Price | $250,000 | $560,000 |
| Average Rent (2 BR Apartment) | $950 | $2200 |
| Average Rent (2 BR House) | $1000 | $2245 |
Housing Comparison: Montgomery vs Parker
- The median home price in Parker is higher at $560,000, compared to $250,000 in Montgomery.
- Renting a two-bedroom apartment costs more in Montgomery at $950 than in Parker at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Montgomery | Parker |
|---|---|---|
| Electricity Price | $15.03 | $15.21 |
| Natural Gas Price | $21.76 | $11.3 |
| Other Utilities | $220 | $290 |
Utilities Comparison: Montgomery vs Parker
- Parker has higher electricity costs at $15.21 per kWh, versus $15.03 in Montgomery.
- Natural gas is more expensive in Montgomery at $21.76 per unit, while it is cheaper at $11.3 in Parker.
- Parker has higher utility expenses, averaging $290, while Montgomery averages $220.