Cost of Living: Monroe, MI vs Star city, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Star city |
|---|---|---|
| Housing Index | 90.4 | 95.0 |
| Median Home Price | $163,000 | $134,000 |
| Average Rent (2 BR Apartment) | $900 | $1100 |
| Average Rent (2 BR House) | $1000 | $1080 |
Housing Comparison: Monroe vs Star city
- In Monroe, the median home price is higher at $163,000, while in Star city it is $134,000.
- Renting a two-bedroom apartment costs more in Monroe at $900 than in Star city at $1,100.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monroe | Star city |
|---|---|---|
| Electricity Price | $19.88 | $12.36 |
| Natural Gas Price | $15.42 | $17.08 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monroe vs Star city
- Electricity costs are higher in Monroe at $19.88 per kWh, compared to $12.36 in Star city.
- Star city experiences higher natural gas costs at $17.08 per unit, with costs at $15.42 in Monroe.
- Utility expenses are equal in both Monroe and Star city averaging $250.