Cost of Living: Laurel, MS vs Monroe, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Monroe |
|---|---|---|
| Housing Index | 85.0 | 115.0 |
| Median Home Price | $142,000 | $292,000 |
| Average Rent (2 BR Apartment) | $1200 | $1300 |
| Average Rent (2 BR House) | $1360 | $1365 |
Housing Comparison: Laurel vs Monroe
- The median home price in Monroe is higher at $292,000, compared to $142,000 in Laurel.
- In Monroe, the rental for a two-bedroom apartment stands at $1,300, while it is $1,200 in Laurel.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Laurel | Monroe |
|---|---|---|
| Electricity Price | $13.42 | $13.72 |
| Natural Gas Price | $22.19 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Laurel vs Monroe
- Monroe has higher electricity costs at $13.72 per kWh, versus $13.42 in Laurel.
- Natural gas price data is currently unavailable.
- Monroe has higher utility expenses, averaging $250, while Laurel averages $200.