Cost of Living: Mckinney, TX vs Monroe, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Mckinney | Monroe |
|---|---|---|
| Housing Index | 95.0 | 115.0 |
| Median Home Price | $360,000 | $292,000 |
| Average Rent (2 BR Apartment) | $1800 | $1300 |
| Average Rent (2 BR House) | $1900 | $1365 |
Housing Comparison: Mckinney vs Monroe
- In Mckinney, the median home price is higher at $360,000, while in Monroe it is $292,000.
- Renting a two-bedroom apartment costs more in Mckinney at $1,800 than in Monroe at $1,300.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Mckinney | Monroe |
|---|---|---|
| Electricity Price | $14.47 | $13.72 |
| Natural Gas Price | $26.29 | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Mckinney vs Monroe
- Electricity costs are higher in Mckinney at $14.47 per kWh, compared to $13.72 in Monroe.
- Natural gas price data is currently unavailable.
- Monroe has higher utility expenses, averaging $250, while Mckinney averages $200.