Cost of Living: Monrovia, MD vs Lebanon, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monrovia | Lebanon |
|---|---|---|
| Housing Index | Data is updating | 92.0 |
| Median Home Price | $470,000 | $312,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1600 |
| Average Rent (2 BR House) | $Data is updating | $1646 |
Housing Comparison: Monrovia vs Lebanon
- In Monrovia, the median home price is higher at $470,000, while in Lebanon it is $312,000.
- The rent for a two-bedroom apartment is equal in both Monrovia and Lebanon at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monrovia | Lebanon |
|---|---|---|
| Electricity Price | $17.41 | $12.57 |
| Natural Gas Price | $18.44 | $12.35 |
| Other Utilities | $Data is updating | $260 |
Utilities Comparison: Monrovia vs Lebanon
- Electricity costs are higher in Monrovia at $17.41 per kWh, compared to $12.57 in Lebanon.
- Natural gas is more expensive in Monrovia at $18.44 per unit, while it is cheaper at $12.35 in Lebanon.
- Utility expenses are equal in both Monrovia and Lebanon averaging $0.0.