Cost of Living: Monroe, MI vs Springboro, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Springboro |
|---|---|---|
| Housing Index | 90.4 | 95.0 |
| Median Home Price | $163,000 | $252,000 |
| Average Rent (2 BR Apartment) | $900 | $1450 |
| Average Rent (2 BR House) | $1000 | $1500 |
Housing Comparison: Monroe vs Springboro
- The median home price in Springboro is higher at $252,000, compared to $163,000 in Monroe.
- Renting a two-bedroom apartment costs more in Monroe at $900 than in Springboro at $1,450.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monroe | Springboro |
|---|---|---|
| Electricity Price | $19.88 | $15.92 |
| Natural Gas Price | $15.42 | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Monroe vs Springboro
- Electricity costs are higher in Monroe at $19.88 per kWh, compared to $15.92 in Springboro.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Monroe at an average of $250, compared to Springboro with $200.