Cost of Living: Lexington, NE vs Albuquerque, NM

Housing

The housing market plays a significant role in determining the cost of living.

Metric Lexington Albuquerque
Housing Index 85.0 90.0
Median Home Price $202,000 $272,000
Average Rent (2 BR Apartment) $950 $1200
Average Rent (2 BR House) $960 $1300

Housing Comparison: Lexington vs Albuquerque

  • The median home price in Albuquerque is higher at $272,000, compared to $202,000 in Lexington.
  • Renting a two-bedroom apartment costs more in Lexington at $950 than in Albuquerque 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 Lexington Albuquerque
Electricity Price $12.92 $14.44
Natural Gas Price $13.89 $Data is updating
Other Utilities $200 $250

Utilities Comparison: Lexington vs Albuquerque

  • Albuquerque has higher electricity costs at $14.44 per kWh, versus $12.92 in Lexington.
  • Natural gas price data is currently unavailable.
  • Albuquerque has higher utility expenses, averaging $250, while Lexington averages $200.