Cost of Living: Rio rancho, NM vs Bakersfield, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Rio rancho | Bakersfield |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $331,000 | $328,000 |
| Average Rent (2 BR Apartment) | $1300 | $1800 |
| Average Rent (2 BR House) | $1400 | $1700 |
Housing Comparison: Rio rancho vs Bakersfield
- In Rio rancho, the median home price is higher at $331,000, while in Bakersfield it is $328,000.
- In Bakersfield, the rental for a two-bedroom apartment stands at $1,800, while it is $1,300 in Rio rancho.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Rio rancho | Bakersfield |
|---|---|---|
| Electricity Price | $14.44 | $32.99 |
| Natural Gas Price | $Data is updating | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Rio rancho vs Bakersfield
- Bakersfield has higher electricity costs at $32.99 per kWh, versus $14.44 in Rio rancho.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Rio rancho and Bakersfield averaging $250.