Cost of Living: New iberia, LA vs Downey, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | New iberia | Downey |
|---|---|---|
| Housing Index | 90.0 | 140.0 |
| Median Home Price | $155,000 | $600,000 |
| Average Rent (2 BR Apartment) | $1200 | $2500 |
| Average Rent (2 BR House) | $1280 | $2400 |
Housing Comparison: New iberia vs Downey
- The median home price in Downey is higher at $600,000, compared to $155,000 in New iberia.
- In Downey, the rental for a two-bedroom apartment stands at $2,500, while it is $1,200 in New iberia.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | New iberia | Downey |
|---|---|---|
| Electricity Price | $11.42 | $32.99 |
| Natural Gas Price | $19.48 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: New iberia vs Downey
- Downey has higher electricity costs at $32.99 per kWh, versus $11.42 in New iberia.
- Natural gas is more expensive in New iberia at $19.48 per unit, while it is cheaper at $16.99 in Downey.
- Utility expenses are equal in both New iberia and Downey averaging $250.