Cost of Living: Mobile, AL vs Laredo, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Mobile | Laredo |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $169,100 | $260,000 |
| Average Rent (2 BR Apartment) | $1200 | $950 |
| Average Rent (2 BR House) | $1500 | $960 |
Housing Comparison: Mobile vs Laredo
- The median home price in Laredo is higher at $260,000, compared to $169,100 in Mobile.
- In Laredo, the rental for a two-bedroom apartment stands at $950, while it is $1,200 in Mobile.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Mobile | Laredo |
|---|---|---|
| Electricity Price | $15.03 | $14.47 |
| Natural Gas Price | $21.76 | $26.29 |
| Other Utilities | $200 | $150 |
Utilities Comparison: Mobile vs Laredo
- Electricity costs are higher in Mobile at $15.03 per kWh, compared to $14.47 in Laredo.
- Laredo experiences higher natural gas costs at $26.29 per unit, with costs at $21.76 in Mobile.
- Other utility costs are higher in Mobile at an average of $200, compared to Laredo with $150.