Cost of Living: Richardson, TX vs Monroe, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richardson | Monroe |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $381,000 | $212,500 |
| Average Rent (2 BR Apartment) | $1895 | $1200 |
| Average Rent (2 BR House) | $1943 | $1275 |
Housing Comparison: Richardson vs Monroe
- In Richardson, the median home price is higher at $381,000, while in Monroe it is $212,500.
- Renting a two-bedroom apartment costs more in Richardson at $1,895 than in Monroe 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 | Richardson | Monroe |
|---|---|---|
| Electricity Price | $14.47 | $11.42 |
| Natural Gas Price | $26.29 | $19.48 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Richardson vs Monroe
- Electricity costs are higher in Richardson at $14.47 per kWh, compared to $11.42 in Monroe.
- Natural gas is more expensive in Richardson at $26.29 per unit, while it is cheaper at $19.48 in Monroe.
- Utility expenses are equal in both Richardson and Monroe averaging $250.