Cost of Living: Hanover, NH vs Monterey, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hanover | Monterey |
|---|---|---|
| Housing Index | 120.5 | 160.3 |
| Median Home Price | $401,000 | $1,135,000 |
| Average Rent (2 BR Apartment) | $1800 | $3000 |
| Average Rent (2 BR House) | $1840 | $3060 |
Housing Comparison: Hanover vs Monterey
- The median home price in Monterey is higher at $1,135,000, compared to $401,000 in Hanover.
- In Monterey, the rental for a two-bedroom apartment stands at $3,000, while it is $1,800 in Hanover.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hanover | Monterey |
|---|---|---|
| Electricity Price | $22.44 | $32.99 |
| Natural Gas Price | $17.58 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Hanover vs Monterey
- Monterey has higher electricity costs at $32.99 per kWh, versus $22.44 in Hanover.
- Natural gas is more expensive in Hanover at $17.58 per unit, while it is cheaper at $16.99 in Monterey.
- Utility expenses are equal in both Hanover and Monterey averaging $250.