Cost of Living: Plano, TX vs Hobbs, NM

Housing

The housing market plays a significant role in determining the cost of living.

Metric Plano Hobbs
Housing Index 110.5 90.2
Median Home Price $454,000 $265,000
Average Rent (2 BR Apartment) $1800 $1200
Average Rent (2 BR House) $1925 $1280

Housing Comparison: Plano vs Hobbs

  • In Plano, the median home price is higher at $454,000, while in Hobbs it is $265,000.
  • Renting a two-bedroom apartment costs more in Plano at $1,800 than in Hobbs 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 Plano Hobbs
Electricity Price $14.47 $14.44
Natural Gas Price $26.29 $Data is updating
Other Utilities $250 $220

Utilities Comparison: Plano vs Hobbs

  • Electricity costs are higher in Plano at $14.47 per kWh, compared to $14.44 in Hobbs.
  • Natural gas price data is currently unavailable.
  • Other utility costs are higher in Plano at an average of $250, compared to Hobbs with $220.