Cost of Living: Elgin, IL vs Monahans, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elgin | Monahans |
|---|---|---|
| Housing Index | 115.0 | 92.0 |
| Median Home Price | $292,000 | $195,000 |
| Average Rent (2 BR Apartment) | $1600 | $1200 |
| Average Rent (2 BR House) | $1650 | $1344 |
Housing Comparison: Elgin vs Monahans
- In Elgin, the median home price is higher at $292,000, while in Monahans it is $195,000.
- Renting a two-bedroom apartment costs more in Elgin at $1,600 than in Monahans 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 | Elgin | Monahans |
|---|---|---|
| Electricity Price | $16.15 | $14.47 |
| Natural Gas Price | $16.59 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Elgin vs Monahans
- Electricity costs are higher in Elgin at $16.15 per kWh, compared to $14.47 in Monahans.
- Monahans experiences higher natural gas costs at $26.29 per unit, with costs at $16.59 in Elgin.
- Utility expenses are equal in both Elgin and Monahans averaging $250.