Cost of Living: Monroe, LA vs Covington, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Covington |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $212,500 | $178,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1275 | $1360 |
Housing Comparison: Monroe vs Covington
- In Monroe, the median home price is higher at $212,500, while in Covington it is $178,000.
- The rent for a two-bedroom apartment is equal in both Monroe and Covington 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 | Monroe | Covington |
|---|---|---|
| Electricity Price | $11.42 | $15.31 |
| Natural Gas Price | $19.48 | $19.91 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Monroe vs Covington
- Covington has higher electricity costs at $15.31 per kWh, versus $11.42 in Monroe.
- Covington experiences higher natural gas costs at $19.91 per unit, with costs at $19.48 in Monroe.
- Other utility costs are higher in Monroe at an average of $250, compared to Covington with $200.