Cost of Living: Hobbs, NM vs Closter, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hobbs | Closter |
|---|---|---|
| Housing Index | 90.2 | 130.0 |
| Median Home Price | $265,000 | $664,000 |
| Average Rent (2 BR Apartment) | $1200 | $2800 |
| Average Rent (2 BR House) | $1280 | $2900 |
Housing Comparison: Hobbs vs Closter
- The median home price in Closter is higher at $664,000, compared to $265,000 in Hobbs.
- In Closter, the rental for a two-bedroom apartment stands at $2,800, while it is $1,200 in Hobbs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hobbs | Closter |
|---|---|---|
| Electricity Price | $14.44 | $19.88 |
| Natural Gas Price | $Data is updating | $14.01 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Hobbs vs Closter
- Closter has higher electricity costs at $19.88 per kWh, versus $14.44 in Hobbs.
- Natural gas price data is currently unavailable.
- Closter has higher utility expenses, averaging $250, while Hobbs averages $220.