Cost of Living: Monroe, NC vs Plano, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Plano |
|---|---|---|
| Housing Index | 115.0 | 110.5 |
| Median Home Price | $292,000 | $454,000 |
| Average Rent (2 BR Apartment) | $1300 | $1800 |
| Average Rent (2 BR House) | $1365 | $1925 |
Housing Comparison: Monroe vs Plano
- The median home price in Plano is higher at $454,000, compared to $292,000 in Monroe.
- In Plano, the rental for a two-bedroom apartment stands at $1,800, while it is $1,300 in Monroe.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monroe | Plano |
|---|---|---|
| Electricity Price | $13.72 | $14.47 |
| Natural Gas Price | $Data is updating | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monroe vs Plano
- Plano has higher electricity costs at $14.47 per kWh, versus $13.72 in Monroe.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Monroe and Plano averaging $250.