Cost of Living: Monterey, CA vs Bolivar, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monterey | Bolivar |
|---|---|---|
| Housing Index | 160.3 | 85.0 |
| Median Home Price | $1,135,000 | $173,000 |
| Average Rent (2 BR Apartment) | $3000 | $1000 |
| Average Rent (2 BR House) | $3060 | $1024 |
Housing Comparison: Monterey vs Bolivar
- In Monterey, the median home price is higher at $1,135,000, while in Bolivar it is $173,000.
- Renting a two-bedroom apartment costs more in Monterey at $3,000 than in Bolivar at $1,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monterey | Bolivar |
|---|---|---|
| Electricity Price | $32.99 | $12.57 |
| Natural Gas Price | $16.99 | $12.35 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monterey vs Bolivar
- Electricity costs are higher in Monterey at $32.99 per kWh, compared to $12.57 in Bolivar.
- Natural gas is more expensive in Monterey at $16.99 per unit, while it is cheaper at $12.35 in Bolivar.
- Utility expenses are equal in both Monterey and Bolivar averaging $250.