Cost of Living: Monroe, NC vs Mikado, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Mikado |
|---|---|---|
| Housing Index | 115.0 | Data is updating |
| Median Home Price | $292,000 | $Data is updating |
| Average Rent (2 BR Apartment) | $1300 | $Data is updating |
| Average Rent (2 BR House) | $1365 | $Data is updating |
Housing Comparison: Monroe vs Mikado
- In Monroe, the median home price is higher at $292,000, while in Mikado it is $0.
- The rent for a two-bedroom apartment is equal in both Monroe and Mikado at $1,300.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monroe | Mikado |
|---|---|---|
| Electricity Price | $13.72 | $19.88 |
| Natural Gas Price | $Data is updating | $15.42 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Monroe vs Mikado
- Mikado has higher electricity costs at $19.88 per kWh, versus $13.72 in Monroe.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Monroe and Mikado averaging $250.