Cost of Living: Columbia, MO vs Monroe, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Columbia | Monroe |
|---|---|---|
| Housing Index | 85.0 | 115.0 |
| Median Home Price | $295,000 | $292,000 |
| Average Rent (2 BR Apartment) | $1200 | $1300 |
| Average Rent (2 BR House) | $1360 | $1365 |
Housing Comparison: Columbia vs Monroe
- In Columbia, the median home price is higher at $295,000, while in Monroe it is $292,000.
- In Monroe, the rental for a two-bedroom apartment stands at $1,300, while it is $1,200 in Columbia.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Columbia | Monroe |
|---|---|---|
| Electricity Price | $14.64 | $13.72 |
| Natural Gas Price | $23.25 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Columbia vs Monroe
- Electricity costs are higher in Columbia at $14.64 per kWh, compared to $13.72 in Monroe.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Columbia and Monroe averaging $250.