Cost of Living: Red river, NM vs Laurel, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red river | Laurel |
|---|---|---|
| Housing Index | Data is updating | 85.0 |
| Median Home Price | $241,000 | $142,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1360 |
Housing Comparison: Red river vs Laurel
- In Red river, the median home price is higher at $241,000, while in Laurel it is $142,000.
- The rent for a two-bedroom apartment is equal in both Red river and Laurel at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Red river | Laurel |
|---|---|---|
| Electricity Price | $14.44 | $13.42 |
| Natural Gas Price | $Data is updating | $22.19 |
| Other Utilities | $Data is updating | $200 |
Utilities Comparison: Red river vs Laurel
- Electricity costs are higher in Red river at $14.44 per kWh, compared to $13.42 in Laurel.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Red river and Laurel averaging $0.0.