Cost of Living: Silt, CO vs Monahans, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Silt | Monahans |
|---|---|---|
| Housing Index | 110.0 | 92.0 |
| Median Home Price | $463,500 | $195,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1840 | $1344 |
Housing Comparison: Silt vs Monahans
- In Silt, the median home price is higher at $463,500, while in Monahans it is $195,000.
- Renting a two-bedroom apartment costs more in Silt at $1,800 than in Monahans 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 | Silt | Monahans |
|---|---|---|
| Electricity Price | $15.21 | $14.47 |
| Natural Gas Price | $11.3 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Silt vs Monahans
- Electricity costs are higher in Silt at $15.21 per kWh, compared to $14.47 in Monahans.
- Monahans experiences higher natural gas costs at $26.29 per unit, with costs at $11.3 in Silt.
- Utility expenses are equal in both Silt and Monahans averaging $250.