Cost of Living: Wyoming, MI vs Monahans, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Wyoming | Monahans |
|---|---|---|
| Housing Index | 110.0 | 92.0 |
| Median Home Price | $191,000 | $195,000 |
| Average Rent (2 BR Apartment) | $1400 | $1200 |
| Average Rent (2 BR House) | $1450 | $1344 |
Housing Comparison: Wyoming vs Monahans
- The median home price in Monahans is higher at $195,000, compared to $191,000 in Wyoming.
- Renting a two-bedroom apartment costs more in Wyoming at $1,400 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 | Wyoming | Monahans |
|---|---|---|
| Electricity Price | $19.88 | $14.47 |
| Natural Gas Price | $15.42 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Wyoming vs Monahans
- Electricity costs are higher in Wyoming at $19.88 per kWh, compared to $14.47 in Monahans.
- Monahans experiences higher natural gas costs at $26.29 per unit, with costs at $15.42 in Wyoming.
- Utility expenses are equal in both Wyoming and Monahans averaging $250.