Cost of Living: Germantown, TN vs Monahans, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Germantown | Monahans |
|---|---|---|
| Housing Index | 90.0 | 92.0 |
| Median Home Price | $401,000 | $195,000 |
| Average Rent (2 BR Apartment) | $1400 | $1200 |
| Average Rent (2 BR House) | $1500 | $1344 |
Housing Comparison: Germantown vs Monahans
- In Germantown, the median home price is higher at $401,000, while in Monahans it is $195,000.
- Renting a two-bedroom apartment costs more in Germantown at $1,400 than in Monahans 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 | Germantown | Monahans |
|---|---|---|
| Electricity Price | $12.57 | $14.47 |
| Natural Gas Price | $12.35 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Germantown vs Monahans
- Monahans has higher electricity costs at $14.47 per kWh, versus $12.57 in Germantown.
- Monahans experiences higher natural gas costs at $26.29 per unit, with costs at $12.35 in Germantown.
- Utility expenses are equal in both Germantown and Monahans averaging $250.