Cost of Living: Boaz, AL vs Hobbs, NM

Housing

The housing market plays a significant role in determining the cost of living.

Metric Boaz Hobbs
Housing Index 85.0 90.2
Median Home Price $189,000 $265,000
Average Rent (2 BR Apartment) $950 $1200
Average Rent (2 BR House) $1200 $1280

Housing Comparison: Boaz vs Hobbs

  • The median home price in Hobbs is higher at $265,000, compared to $189,000 in Boaz.
  • Renting a two-bedroom apartment costs more in Boaz at $950 than in Hobbs 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 Boaz Hobbs
Electricity Price $15.03 $14.44
Natural Gas Price $21.76 $Data is updating
Other Utilities $200 $220

Utilities Comparison: Boaz vs Hobbs

  • Electricity costs are higher in Boaz at $15.03 per kWh, compared to $14.44 in Hobbs.
  • Natural gas price data is currently unavailable.
  • Hobbs has higher utility expenses, averaging $220, while Boaz averages $200.