Cost of Living: Monterey park, CA vs Lincoln, NE
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monterey park | Lincoln |
|---|---|---|
| Housing Index | 140.0 | 78.0 |
| Median Home Price | $837,000 | $284,000 |
| Average Rent (2 BR Apartment) | $2800 | $1200 |
| Average Rent (2 BR House) | $2880 | $1225 |
Housing Comparison: Monterey park vs Lincoln
- In Monterey park, the median home price is higher at $837,000, while in Lincoln it is $284,000.
- Renting a two-bedroom apartment costs more in Monterey park at $2,800 than in Lincoln 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 | Lincoln |
|---|---|---|
| Electricity Price | $32.99 | $12.92 |
| Natural Gas Price | $16.99 | $13.89 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monterey park vs Lincoln
- Electricity costs are higher in Monterey park at $32.99 per kWh, compared to $12.92 in Lincoln.
- Natural gas is more expensive in Monterey park at $16.99 per unit, while it is cheaper at $13.89 in Lincoln.
- Utility expenses are equal in both Monterey park and Lincoln averaging $250.