Cost of Living: Laurel, MT vs Lubbock, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Laurel | Lubbock |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $299,000 | $232,000 |
| Average Rent (2 BR Apartment) | $960 | $1200 |
| Average Rent (2 BR House) | $1024 | $1280 |
Housing Comparison: Laurel vs Lubbock
- In Laurel, the median home price is higher at $299,000, while in Lubbock it is $232,000.
- Renting a two-bedroom apartment costs more in Laurel at $960 than in Lubbock 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 | Laurel | Lubbock |
|---|---|---|
| Electricity Price | $13.58 | $14.47 |
| Natural Gas Price | $8.31 | $26.29 |
| Other Utilities | $200 | $260 |
Utilities Comparison: Laurel vs Lubbock
- Lubbock has higher electricity costs at $14.47 per kWh, versus $13.58 in Laurel.
- Natural gas is more expensive in Laurel at $8.31 per unit, while it is cheaper at $26.29 in Lubbock.
- Lubbock has higher utility expenses, averaging $260, while Laurel averages $200.