Cost of Living: Montgomery, AL vs Wilmington, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Montgomery | Wilmington |
|---|---|---|
| Housing Index | 89.0 | 110.0 |
| Median Home Price | $250,000 | $320,000 |
| Average Rent (2 BR Apartment) | $950 | $1500 |
| Average Rent (2 BR House) | $1000 | $1600 |
Housing Comparison: Montgomery vs Wilmington
- The median home price in Wilmington is higher at $320,000, compared to $250,000 in Montgomery.
- Renting a two-bedroom apartment costs more in Montgomery at $950 than in Wilmington at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Montgomery | Wilmington |
|---|---|---|
| Electricity Price | $15.03 | $13.72 |
| Natural Gas Price | $21.76 | $Data is updating |
| Other Utilities | $220 | $250 |
Utilities Comparison: Montgomery vs Wilmington
- Electricity costs are higher in Montgomery at $15.03 per kWh, compared to $13.72 in Wilmington.
- Natural gas price data is currently unavailable.
- Wilmington has higher utility expenses, averaging $250, while Montgomery averages $220.