Cost of Living: Madison heights, VA vs Hobbs, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison heights | Hobbs |
|---|---|---|
| Housing Index | Data is updating | 90.2 |
| Median Home Price | $199,000 | $265,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1280 |
Housing Comparison: Madison heights vs Hobbs
- The median home price in Hobbs is higher at $265,000, compared to $199,000 in Madison heights.
- The rent for a two-bedroom apartment is equal in both Madison heights and Hobbs at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Madison heights | Hobbs |
|---|---|---|
| Electricity Price | $15.31 | $14.44 |
| Natural Gas Price | $19.91 | $Data is updating |
| Other Utilities | $Data is updating | $220 |
Utilities Comparison: Madison heights vs Hobbs
- Electricity costs are higher in Madison heights at $15.31 per kWh, compared to $14.44 in Hobbs.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Madison heights and Hobbs averaging $0.0.