Cost of Living: Fargo, ND vs Monterey, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fargo | Monterey |
|---|---|---|
| Housing Index | 90.0 | 95.0 |
| Median Home Price | $334,000 | $202,500 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1320 | $1246 |
Housing Comparison: Fargo vs Monterey
- In Fargo, the median home price is higher at $334,000, while in Monterey it is $202,500.
- The rent for a two-bedroom apartment is equal in both Fargo and Monterey 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 | Fargo | Monterey |
|---|---|---|
| Electricity Price | $13.65 | $15.31 |
| Natural Gas Price | $10.8 | $19.91 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Fargo vs Monterey
- Monterey has higher electricity costs at $15.31 per kWh, versus $13.65 in Fargo.
- Monterey experiences higher natural gas costs at $19.91 per unit, with costs at $10.8 in Fargo.
- Utility expenses are equal in both Fargo and Monterey averaging $250.