Cost of Living: Smithville, TN vs Monroe, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Smithville | Monroe |
|---|---|---|
| Housing Index | 90.0 | 90.4 |
| Median Home Price | $205,000 | $163,000 |
| Average Rent (2 BR Apartment) | $1200 | $900 |
| Average Rent (2 BR House) | $1300 | $1000 |
Housing Comparison: Smithville vs Monroe
- In Smithville, the median home price is higher at $205,000, while in Monroe it is $163,000.
- In Monroe, the rental for a two-bedroom apartment stands at $900, while it is $1,200 in Smithville.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Smithville | Monroe |
|---|---|---|
| Electricity Price | $12.57 | $19.88 |
| Natural Gas Price | $12.35 | $15.42 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Smithville vs Monroe
- Monroe has higher electricity costs at $19.88 per kWh, versus $12.57 in Smithville.
- Monroe experiences higher natural gas costs at $15.42 per unit, with costs at $12.35 in Smithville.
- Monroe has higher utility expenses, averaging $250, while Smithville averages $200.