Cost of Living: Laredo, TX vs Marengo, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laredo | Marengo |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $260,000 | $205,000 |
| Average Rent (2 BR Apartment) | $950 | $Data is updating |
| Average Rent (2 BR House) | $960 | $Data is updating |
Housing Comparison: Laredo vs Marengo
- In Laredo, the median home price is higher at $260,000, while in Marengo it is $205,000.
- The rent for a two-bedroom apartment is equal in both Laredo and Marengo at $950.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laredo | Marengo |
|---|---|---|
| Electricity Price | $14.47 | $16.15 |
| Natural Gas Price | $26.29 | $16.59 |
| Other Utilities | $150 | $Data is updating |
Utilities Comparison: Laredo vs Marengo
- Marengo has higher electricity costs at $16.15 per kWh, versus $14.47 in Laredo.
- Natural gas is more expensive in Laredo at $26.29 per unit, while it is cheaper at $16.59 in Marengo.
- Utility expenses are equal in both Laredo and Marengo averaging $150.