Cost of Living: Hobbs, NM vs Independence, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hobbs | Independence |
|---|---|---|
| Housing Index | 90.2 | 90.0 |
| Median Home Price | $265,000 | $182,500 |
| Average Rent (2 BR Apartment) | $1200 | $1050 |
| Average Rent (2 BR House) | $1280 | $840 |
Housing Comparison: Hobbs vs Independence
- In Hobbs, the median home price is higher at $265,000, while in Independence it is $182,500.
- Renting a two-bedroom apartment costs more in Hobbs at $1,200 than in Independence at $1,050.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hobbs | Independence |
|---|---|---|
| Electricity Price | $14.44 | $14.64 |
| Natural Gas Price | $Data is updating | $23.25 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Hobbs vs Independence
- Independence has higher electricity costs at $14.64 per kWh, versus $14.44 in Hobbs.
- Natural gas price data is currently unavailable.
- Independence has higher utility expenses, averaging $250, while Hobbs averages $220.