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.