Cost of Living: Monterey park, CA vs East lansing, MI

Housing

The housing market plays a significant role in determining the cost of living.

Metric Monterey park East lansing
Housing Index 140.0 85.0
Median Home Price $837,000 $276,000
Average Rent (2 BR Apartment) $2800 $1200
Average Rent (2 BR House) $2880 $1360

Housing Comparison: Monterey park vs East lansing

  • In Monterey park, the median home price is higher at $837,000, while in East lansing it is $276,000.
  • Renting a two-bedroom apartment costs more in Monterey park at $2,800 than in East lansing at $1,200.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.

Metric Monterey park East lansing
Electricity Price $32.99 $19.88
Natural Gas Price $16.99 $15.42
Other Utilities $250 $250

Utilities Comparison: Monterey park vs East lansing

  • Electricity costs are higher in Monterey park at $32.99 per kWh, compared to $19.88 in East lansing.
  • Natural gas is more expensive in Monterey park at $16.99 per unit, while it is cheaper at $15.42 in East lansing.
  • Utility expenses are equal in both Monterey park and East lansing averaging $250.