Cost of Living: Erie, CO vs Valley, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Erie | Valley |
|---|---|---|
| Housing Index | 120.5 | 70.0 |
| Median Home Price | $574,000 | $203,000 |
| Average Rent (2 BR Apartment) | $2300 | $800 |
| Average Rent (2 BR House) | $2400 | $850 |
Housing Comparison: Erie vs Valley
- In Erie, the median home price is higher at $574,000, while in Valley it is $203,000.
- In Valley, the rental for a two-bedroom apartment stands at $800, while it is $2,300 in Erie.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Erie | Valley |
|---|---|---|
| Electricity Price | $15.21 | $15.03 |
| Natural Gas Price | $11.3 | $21.76 |
| Other Utilities | $275 | $180 |
Utilities Comparison: Erie vs Valley
- Electricity costs are higher in Erie at $15.21 per kWh, compared to $15.03 in Valley.
- Valley experiences higher natural gas costs at $21.76 per unit, with costs at $11.3 in Erie.
- Other utility costs are higher in Erie at an average of $275, compared to Valley with $180.