Cost of Living: Monroe, LA vs Boaz, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Boaz |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $212,500 | $189,000 |
| Average Rent (2 BR Apartment) | $1200 | $950 |
| Average Rent (2 BR House) | $1275 | $1200 |
Housing Comparison: Monroe vs Boaz
- In Monroe, the median home price is higher at $212,500, while in Boaz it is $189,000.
- In Boaz, the rental for a two-bedroom apartment stands at $950, while it is $1,200 in Monroe.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monroe | Boaz |
|---|---|---|
| Electricity Price | $11.42 | $15.03 |
| Natural Gas Price | $19.48 | $21.76 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Monroe vs Boaz
- Boaz has higher electricity costs at $15.03 per kWh, versus $11.42 in Monroe.
- Boaz experiences higher natural gas costs at $21.76 per unit, with costs at $19.48 in Monroe.
- Other utility costs are higher in Monroe at an average of $250, compared to Boaz with $200.