Cost of Living: Monroe, MI vs Okeechobee, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Okeechobee |
|---|---|---|
| Housing Index | 90.4 | 85.0 |
| Median Home Price | $163,000 | $206,800 |
| Average Rent (2 BR Apartment) | $900 | $1200 |
| Average Rent (2 BR House) | $1000 | $1440 |
Housing Comparison: Monroe vs Okeechobee
- The median home price in Okeechobee is higher at $206,800, compared to $163,000 in Monroe.
- Renting a two-bedroom apartment costs more in Monroe at $900 than in Okeechobee 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 | Okeechobee |
|---|---|---|
| Electricity Price | $19.88 | $13.89 |
| Natural Gas Price | $15.42 | $26.13 |
| Other Utilities | $250 | $180 |
Utilities Comparison: Monroe vs Okeechobee
- Electricity costs are higher in Monroe at $19.88 per kWh, compared to $13.89 in Okeechobee.
- Okeechobee experiences higher natural gas costs at $26.13 per unit, with costs at $15.42 in Monroe.
- Other utility costs are higher in Monroe at an average of $250, compared to Okeechobee with $180.