Cost of Living: Hobbs, NM vs Ruston, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hobbs | Ruston |
|---|---|---|
| Housing Index | 90.2 | 85.0 |
| Median Home Price | $265,000 | $220,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1300 |
Housing Comparison: Hobbs vs Ruston
- In Hobbs, the median home price is higher at $265,000, while in Ruston it is $220,000.
- The rent for a two-bedroom apartment is equal in both Hobbs and Ruston 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 | Ruston |
|---|---|---|
| Electricity Price | $14.44 | $11.42 |
| Natural Gas Price | $Data is updating | $19.48 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Hobbs vs Ruston
- Electricity costs are higher in Hobbs at $14.44 per kWh, compared to $11.42 in Ruston.
- Natural gas price data is currently unavailable.
- Ruston has higher utility expenses, averaging $250, while Hobbs averages $220.