Cost of Living: Monterey, VA vs Monroe, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monterey | Monroe |
|---|---|---|
| Housing Index | 95.0 | 85.0 |
| Median Home Price | $202,500 | $212,500 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1246 | $1275 |
Housing Comparison: Monterey vs Monroe
- The median home price in Monroe is higher at $212,500, compared to $202,500 in Monterey.
- The rent for a two-bedroom apartment is equal in both Monterey and Monroe 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 | Monroe |
|---|---|---|
| Electricity Price | $15.31 | $11.42 |
| Natural Gas Price | $19.91 | $19.48 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Monterey vs Monroe
- Electricity costs are higher in Monterey at $15.31 per kWh, compared to $11.42 in Monroe.
- Natural gas is more expensive in Monterey at $19.91 per unit, while it is cheaper at $19.48 in Monroe.
- Utility expenses are equal in both Monterey and Monroe averaging $250.