Cost of Living: Monroe, LA vs Paducah, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Paducah |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $212,500 | $161,000 |
| Average Rent (2 BR Apartment) | $1200 | $800 |
| Average Rent (2 BR House) | $1275 | $1000 |
Housing Comparison: Monroe vs Paducah
- In Monroe, the median home price is higher at $212,500, while in Paducah it is $161,000.
- In Paducah, the rental for a two-bedroom apartment stands at $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 | Paducah |
|---|---|---|
| Electricity Price | $11.42 | $12.87 |
| Natural Gas Price | $19.48 | $22.78 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monroe vs Paducah
- Paducah has higher electricity costs at $12.87 per kWh, versus $11.42 in Monroe.
- Paducah experiences higher natural gas costs at $22.78 per unit, with costs at $19.48 in Monroe.
- Utility expenses are equal in both Monroe and Paducah averaging $250.