Cost of Living: Charlotte, NC vs Farmington, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Charlotte | Farmington |
|---|---|---|
| Housing Index | 110.0 | 90.0 |
| Median Home Price | $364,000 | $234,000 |
| Average Rent (2 BR Apartment) | $1600 | $1200 |
| Average Rent (2 BR House) | $1640 | $1280 |
Housing Comparison: Charlotte vs Farmington
- In Charlotte, the median home price is higher at $364,000, while in Farmington it is $234,000.
- Renting a two-bedroom apartment costs more in Charlotte at $1,600 than in Farmington 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 | Charlotte | Farmington |
|---|---|---|
| Electricity Price | $13.72 | $14.44 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Charlotte vs Farmington
- Farmington has higher electricity costs at $14.44 per kWh, versus $13.72 in Charlotte.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Charlotte and Farmington averaging $250.