Cost of Living: Monahans, TX vs Tipton, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monahans | Tipton |
|---|---|---|
| Housing Index | 92.0 | 75.0 |
| Median Home Price | $195,000 | $145,000 |
| Average Rent (2 BR Apartment) | $1200 | $960 |
| Average Rent (2 BR House) | $1344 | $960 |
Housing Comparison: Monahans vs Tipton
- In Monahans, the median home price is higher at $195,000, while in Tipton it is $145,000.
- In Tipton, the rental for a two-bedroom apartment stands at $960, while it is $1,200 in Monahans.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monahans | Tipton |
|---|---|---|
| Electricity Price | $14.47 | $14.64 |
| Natural Gas Price | $26.29 | $23.25 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Monahans vs Tipton
- Tipton has higher electricity costs at $14.64 per kWh, versus $14.47 in Monahans.
- Natural gas is more expensive in Monahans at $26.29 per unit, while it is cheaper at $23.25 in Tipton.
- Other utility costs are higher in Monahans at an average of $250, compared to Tipton with $200.