Cost of Living: Hobbs, NM vs Richmond, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hobbs | Richmond |
|---|---|---|
| Housing Index | 90.2 | 90.0 |
| Median Home Price | $265,000 | $150,000 |
| Average Rent (2 BR Apartment) | $1200 | $720 |
| Average Rent (2 BR House) | $1280 | $800 |
Housing Comparison: Hobbs vs Richmond
- In Hobbs, the median home price is higher at $265,000, while in Richmond it is $150,000.
- In Richmond, the rental for a two-bedroom apartment stands at $720, 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 | Richmond |
|---|---|---|
| Electricity Price | $14.44 | $14.64 |
| Natural Gas Price | $Data is updating | $23.25 |
| Other Utilities | $220 | $200 |
Utilities Comparison: Hobbs vs Richmond
- Richmond has higher electricity costs at $14.64 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 Richmond with $200.