Cost of Living: Malta, MT vs Lubbock, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Malta | Lubbock |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $229,000 | $232,000 |
| Average Rent (2 BR Apartment) | $1600 | $1200 |
| Average Rent (2 BR House) | $1640 | $1280 |
Housing Comparison: Malta vs Lubbock
- The median home price in Lubbock is higher at $232,000, compared to $229,000 in Malta.
- Renting a two-bedroom apartment costs more in Malta at $1,600 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 | Malta | Lubbock |
|---|---|---|
| Electricity Price | $13.58 | $14.47 |
| Natural Gas Price | $8.31 | $26.29 |
| Other Utilities | $250 | $260 |
Utilities Comparison: Malta vs Lubbock
- Lubbock has higher electricity costs at $14.47 per kWh, versus $13.58 in Malta.
- Natural gas is more expensive in Malta at $8.31 per unit, while it is cheaper at $26.29 in Lubbock.
- Lubbock has higher utility expenses, averaging $260, while Malta averages $250.