Cost of Living: Hagerstown, MD vs Monroe, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hagerstown | Monroe |
|---|---|---|
| Housing Index | 110.5 | 90.4 |
| Median Home Price | $193,000 | $163,000 |
| Average Rent (2 BR Apartment) | $1500 | $900 |
| Average Rent (2 BR House) | $1600 | $1000 |
Housing Comparison: Hagerstown vs Monroe
- In Hagerstown, the median home price is higher at $193,000, while in Monroe it is $163,000.
- In Monroe, the rental for a two-bedroom apartment stands at $900, while it is $1,500 in Hagerstown.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hagerstown | Monroe |
|---|---|---|
| Electricity Price | $17.41 | $19.88 |
| Natural Gas Price | $18.44 | $15.42 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Hagerstown vs Monroe
- Monroe has higher electricity costs at $19.88 per kWh, versus $17.41 in Hagerstown.
- Natural gas is more expensive in Hagerstown at $18.44 per unit, while it is cheaper at $15.42 in Monroe.
- Monroe has higher utility expenses, averaging $250, while Hagerstown averages $200.