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.