Cost of Living: Hobbs, NM vs Laurinburg, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hobbs | Laurinburg |
|---|---|---|
| Housing Index | 90.2 | Data is updating |
| Median Home Price | $265,000 | $176,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Hobbs vs Laurinburg
- In Hobbs, the median home price is higher at $265,000, while in Laurinburg it is $176,000.
- The rent for a two-bedroom apartment is equal in both Hobbs and Laurinburg 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 | Laurinburg |
|---|---|---|
| Electricity Price | $14.44 | $13.72 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $220 | $Data is updating |
Utilities Comparison: Hobbs vs Laurinburg
- Electricity costs are higher in Hobbs at $14.44 per kWh, compared to $13.72 in Laurinburg.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Hobbs and Laurinburg averaging $220.