Cost of Living: Montgomery, IL vs New york, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Montgomery | New york |
|---|---|---|
| Housing Index | 85.0 | 125.0 |
| Median Home Price | $260,000 | $800,000 |
| Average Rent (2 BR Apartment) | $1200 | $2800 |
| Average Rent (2 BR House) | $1245 | $2880 |
Housing Comparison: Montgomery vs New york
- The median home price in New york is higher at $800,000, compared to $260,000 in Montgomery.
- In New york, the rental for a two-bedroom apartment stands at $2,800, while it is $1,200 in Montgomery.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Montgomery | New york |
|---|---|---|
| Electricity Price | $16.15 | $26.08 |
| Natural Gas Price | $16.59 | $18.13 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Montgomery vs New york
- New york has higher electricity costs at $26.08 per kWh, versus $16.15 in Montgomery.
- New york experiences higher natural gas costs at $18.13 per unit, with costs at $16.59 in Montgomery.
- New york has higher utility expenses, averaging $250, while Montgomery averages $200.