Cost of Living: Monroe, LA vs Mansfield, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Mansfield |
|---|---|---|
| Housing Index | 85.0 | 115.0 |
| Median Home Price | $212,500 | $399,900 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1275 | $1845 |
Housing Comparison: Monroe vs Mansfield
- The median home price in Mansfield is higher at $399,900, compared to $212,500 in Monroe.
- In Mansfield, the rental for a two-bedroom apartment stands at $1,800, 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 | Mansfield |
|---|---|---|
| Electricity Price | $11.42 | $14.47 |
| Natural Gas Price | $19.48 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monroe vs Mansfield
- Mansfield has higher electricity costs at $14.47 per kWh, versus $11.42 in Monroe.
- Mansfield experiences higher natural gas costs at $26.29 per unit, with costs at $19.48 in Monroe.
- Utility expenses are equal in both Monroe and Mansfield averaging $250.