Cost of Living in Monahans, TX
Housing
The housing market plays a significant role in determining the cost of living in Monahans, TX.
- Housing Index: 98.2 / 100
- Median Home Price is: $195,000
- Average Rent (2 BR Apartment): $1563 per month
- Average Rent (2 BR House): $1699 per month
Considering a move to Monahans, TX? With a housing index of 98.2, it's evident that this market is more affordable than the national average. The median home price of 195000 coupled with an average rent of 1563 for a two-bedroom apartment and 1699 for a house suggests various living options for individuals or families. Moreover, lower housing costs can aid in maintaining a balanced budget, and investing in property could yield positive returns in the long term given recent trends in housing appreciation in the region.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monahans, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $235 per month
Living in Monahans, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $235 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Monahans is a financially viable option for your relocation.