Cost of Living: Lima, OH vs Red river, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lima | Red river |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $84,800 | $241,000 |
| Average Rent (2 BR Apartment) | $900 | $Data is updating |
| Average Rent (2 BR House) | $920 | $Data is updating |
Housing Comparison: Lima vs Red river
- The median home price in Red river is higher at $241,000, compared to $84,800 in Lima.
- The rent for a two-bedroom apartment is equal in both Lima and Red river at $900.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lima | Red river |
|---|---|---|
| Electricity Price | $15.92 | $14.44 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $150 | $Data is updating |
Utilities Comparison: Lima vs Red river
- Electricity costs are higher in Lima at $15.92 per kWh, compared to $14.44 in Red river.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Lima and Red river averaging $150.