Cost of Living: Monterey, CA vs Albuquerque, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monterey | Albuquerque |
|---|---|---|
| Housing Index | 160.3 | 90.0 |
| Median Home Price | $1,135,000 | $272,000 |
| Average Rent (2 BR Apartment) | $3000 | $1200 |
| Average Rent (2 BR House) | $3060 | $1300 |
Housing Comparison: Monterey vs Albuquerque
- In Monterey, the median home price is higher at $1,135,000, while in Albuquerque it is $272,000.
- Renting a two-bedroom apartment costs more in Monterey at $3,000 than in Albuquerque 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 | Albuquerque |
|---|---|---|
| Electricity Price | $32.99 | $14.44 |
| Natural Gas Price | $16.99 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monterey vs Albuquerque
- Electricity costs are higher in Monterey at $32.99 per kWh, compared to $14.44 in Albuquerque.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Monterey and Albuquerque averaging $250.