Cost of Living: Monroe, LA vs Pahrump, NV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Pahrump |
|---|---|---|
| Housing Index | 85.0 | 95.0 |
| Median Home Price | $212,500 | $233,000 |
| Average Rent (2 BR Apartment) | $1200 | $1600 |
| Average Rent (2 BR House) | $1275 | $1536 |
Housing Comparison: Monroe vs Pahrump
- The median home price in Pahrump is higher at $233,000, compared to $212,500 in Monroe.
- In Pahrump, the rental for a two-bedroom apartment stands at $1,600, 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 | Pahrump |
|---|---|---|
| Electricity Price | $11.42 | $15.5 |
| Natural Gas Price | $19.48 | $20.66 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monroe vs Pahrump
- Pahrump has higher electricity costs at $15.5 per kWh, versus $11.42 in Monroe.
- Pahrump experiences higher natural gas costs at $20.66 per unit, with costs at $19.48 in Monroe.
- Utility expenses are equal in both Monroe and Pahrump averaging $250.