Cost of Living: Monroe, LA vs Texarkana, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Texarkana |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $212,500 | $158,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1275 | $1280 |
Housing Comparison: Monroe vs Texarkana
- In Monroe, the median home price is higher at $212,500, while in Texarkana it is $158,000.
- The rent for a two-bedroom apartment is equal in both Monroe and Texarkana 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 | Texarkana |
|---|---|---|
| Electricity Price | $11.42 | $12.36 |
| Natural Gas Price | $19.48 | $17.08 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monroe vs Texarkana
- Texarkana has higher electricity costs at $12.36 per kWh, versus $11.42 in Monroe.
- Natural gas is more expensive in Monroe at $19.48 per unit, while it is cheaper at $17.08 in Texarkana.
- Utility expenses are equal in both Monroe and Texarkana averaging $250.