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.