Cost of Living: Farmington, NM vs Drakesboro, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Farmington | Drakesboro |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $234,000 | $74,700 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Farmington vs Drakesboro
- In Farmington, the median home price is higher at $234,000, while in Drakesboro it is $74,700.
- The rent for a two-bedroom apartment is equal in both Farmington and Drakesboro 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 | Farmington | Drakesboro |
|---|---|---|
| Electricity Price | $14.44 | $12.87 |
| Natural Gas Price | $Data is updating | $22.78 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Farmington vs Drakesboro
- Electricity costs are higher in Farmington at $14.44 per kWh, compared to $12.87 in Drakesboro.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Farmington and Drakesboro averaging $250.