Cost of Living: Hobbs, NM vs Daphne, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hobbs | Daphne |
|---|---|---|
| Housing Index | 90.2 | 85.0 |
| Median Home Price | $265,000 | $306,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1325 |
Housing Comparison: Hobbs vs Daphne
- The median home price in Daphne is higher at $306,000, compared to $265,000 in Hobbs.
- The rent for a two-bedroom apartment is equal in both Hobbs and Daphne 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 | Daphne |
|---|---|---|
| Electricity Price | $14.44 | $15.03 |
| Natural Gas Price | $Data is updating | $21.76 |
| Other Utilities | $220 | $200 |
Utilities Comparison: Hobbs vs Daphne
- Daphne has higher electricity costs at $15.03 per kWh, versus $14.44 in Hobbs.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Hobbs at an average of $220, compared to Daphne with $200.