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.