Cost of Living: Monroe, MI vs Fairfield, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Fairfield |
|---|---|---|
| Housing Index | 90.4 | 85.3 |
| Median Home Price | $163,000 | $150,000 |
| Average Rent (2 BR Apartment) | $900 | $1200 |
| Average Rent (2 BR House) | $1000 | $1360 |
Housing Comparison: Monroe vs Fairfield
- In Monroe, the median home price is higher at $163,000, while in Fairfield it is $150,000.
- Renting a two-bedroom apartment costs more in Monroe at $900 than in Fairfield 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 | Fairfield |
|---|---|---|
| Electricity Price | $19.88 | $14.82 |
| Natural Gas Price | $15.42 | $15.61 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monroe vs Fairfield
- Electricity costs are higher in Monroe at $19.88 per kWh, compared to $14.82 in Fairfield.
- Fairfield experiences higher natural gas costs at $15.61 per unit, with costs at $15.42 in Monroe.
- Utility expenses are equal in both Monroe and Fairfield averaging $250.