Cost of Living: Elgin, IL vs Monterey, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elgin | Monterey |
|---|---|---|
| Housing Index | 115.0 | 160.3 |
| Median Home Price | $292,000 | $1,135,000 |
| Average Rent (2 BR Apartment) | $1600 | $3000 |
| Average Rent (2 BR House) | $1650 | $3060 |
Housing Comparison: Elgin vs Monterey
- The median home price in Monterey is higher at $1,135,000, compared to $292,000 in Elgin.
- In Monterey, the rental for a two-bedroom apartment stands at $3,000, while it is $1,600 in Elgin.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Elgin | Monterey |
|---|---|---|
| Electricity Price | $16.15 | $32.99 |
| Natural Gas Price | $16.59 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Elgin vs Monterey
- Monterey has higher electricity costs at $32.99 per kWh, versus $16.15 in Elgin.
- Monterey experiences higher natural gas costs at $16.99 per unit, with costs at $16.59 in Elgin.
- Utility expenses are equal in both Elgin and Monterey averaging $250.