Cost of Living: Monroe, MI vs Longmont, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Longmont |
|---|---|---|
| Housing Index | 90.4 | 115.0 |
| Median Home Price | $163,000 | $579,000 |
| Average Rent (2 BR Apartment) | $900 | $2000 |
| Average Rent (2 BR House) | $1000 | $2069 |
Housing Comparison: Monroe vs Longmont
- The median home price in Longmont is higher at $579,000, compared to $163,000 in Monroe.
- Renting a two-bedroom apartment costs more in Monroe at $900 than in Longmont at $2,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monroe | Longmont |
|---|---|---|
| Electricity Price | $19.88 | $15.21 |
| Natural Gas Price | $15.42 | $11.3 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monroe vs Longmont
- Electricity costs are higher in Monroe at $19.88 per kWh, compared to $15.21 in Longmont.
- Natural gas is more expensive in Monroe at $15.42 per unit, while it is cheaper at $11.3 in Longmont.
- Utility expenses are equal in both Monroe and Longmont averaging $250.