Cost of Living: Monroe, LA vs Covington, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Monroe | Covington |
|---|---|---|
| Housing Index | 96.3 | 107.5 |
| Median Home Price | $212,500 | $178,000 |
| Average Rent (2 BR Apartment) | $1324 | $1935 |
| Average Rent (2 BR House) | $1439 | $2103 |
Housing Comparison: Monroe vs Covington
- In Monroe, the median home price is higher at $212,500, while in Covington it is $178,000.
- In Covington, the rental for a two-bedroom apartment stands at $1,935, while it is $1,324 in Monroe.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Monroe | Covington |
|---|---|---|
| Electricity Price | $11.42 | $15.31 |
| Natural Gas Price | $19.48 | $19.91 |
| Other Utilities | $231 | $242 |
Utilities Comparison: Monroe vs Covington
- Covington has higher electricity costs at $15.31 per kWh, versus $11.42 in Monroe.
- Covington experiences higher natural gas costs at $19.91 per unit, with costs at $19.48 in Monroe.
- Covington has higher utility expenses, averaging $242, while Monroe averages $231.