Cost of Living: Hobbs, NM vs Peabody, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hobbs | Peabody |
|---|---|---|
| Housing Index | 90.2 | 120.0 |
| Median Home Price | $265,000 | $463,000 |
| Average Rent (2 BR Apartment) | $1200 | $2300 |
| Average Rent (2 BR House) | $1280 | $2400 |
Housing Comparison: Hobbs vs Peabody
- The median home price in Peabody is higher at $463,000, compared to $265,000 in Hobbs.
- In Peabody, the rental for a two-bedroom apartment stands at $2,300, 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 | Peabody |
|---|---|---|
| Electricity Price | $14.44 | $28.15 |
| Natural Gas Price | $Data is updating | $21.62 |
| Other Utilities | $220 | $280 |
Utilities Comparison: Hobbs vs Peabody
- Peabody has higher electricity costs at $28.15 per kWh, versus $14.44 in Hobbs.
- Natural gas price data is currently unavailable.
- Peabody has higher utility expenses, averaging $280, while Hobbs averages $220.