Cost of Living: Hobbs, NM vs Cohoes, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hobbs | Cohoes |
|---|---|---|
| Housing Index | 90.2 | Data is updating |
| Median Home Price | $265,000 | $259,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Hobbs vs Cohoes
- In Hobbs, the median home price is higher at $265,000, while in Cohoes it is $259,000.
- The rent for a two-bedroom apartment is equal in both Hobbs and Cohoes 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 | Hobbs | Cohoes |
|---|---|---|
| Electricity Price | $14.44 | $26.08 |
| Natural Gas Price | $Data is updating | $18.13 |
| Other Utilities | $220 | $Data is updating |
Utilities Comparison: Hobbs vs Cohoes
- Cohoes has higher electricity costs at $26.08 per kWh, versus $14.44 in Hobbs.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Hobbs and Cohoes averaging $220.