Cost of Living: Fairhope, AL vs Raton, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fairhope | Raton |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $295,000 | $180,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1600 |
Housing Comparison: Fairhope vs Raton
- In Fairhope, the median home price is higher at $295,000, while in Raton it is $180,000.
- The rent for a two-bedroom apartment is equal in both Fairhope and Raton 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 | Fairhope | Raton |
|---|---|---|
| Electricity Price | $15.03 | $14.44 |
| Natural Gas Price | $21.76 | $Data is updating |
| Other Utilities | $200 | $200 |
Utilities Comparison: Fairhope vs Raton
- Electricity costs are higher in Fairhope at $15.03 per kWh, compared to $14.44 in Raton.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Fairhope and Raton averaging $200.