Cost of Living: Farmington, NM vs Lebanon, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Farmington | Lebanon |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $234,000 | $220,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1280 |
Housing Comparison: Farmington vs Lebanon
- In Farmington, the median home price is higher at $234,000, while in Lebanon it is $220,000.
- The rent for a two-bedroom apartment is equal in both Farmington and Lebanon 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 | Lebanon |
|---|---|---|
| Electricity Price | $14.44 | $14.64 |
| Natural Gas Price | $Data is updating | $23.25 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Farmington vs Lebanon
- Lebanon has higher electricity costs at $14.64 per kWh, versus $14.44 in Farmington.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Farmington and Lebanon averaging $250.