Cost of Living: Hilton head island, SC vs Monahans, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hilton head island | Monahans |
|---|---|---|
| Housing Index | 125.0 | 92.0 |
| Median Home Price | $590,000 | $195,000 |
| Average Rent (2 BR Apartment) | $2400 | $1200 |
| Average Rent (2 BR House) | $2500 | $1344 |
Housing Comparison: Hilton head island vs Monahans
- In Hilton head island, the median home price is higher at $590,000, while in Monahans it is $195,000.
- Renting a two-bedroom apartment costs more in Hilton head island at $2,400 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 | Hilton head island | Monahans |
|---|---|---|
| Electricity Price | $14.18 | $14.47 |
| Natural Gas Price | $23.51 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Hilton head island vs Monahans
- Monahans has higher electricity costs at $14.47 per kWh, versus $14.18 in Hilton head island.
- Monahans experiences higher natural gas costs at $26.29 per unit, with costs at $23.51 in Hilton head island.
- Utility expenses are equal in both Hilton head island and Monahans averaging $250.