Cost of Living: Lake city, AR vs Lubbock, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lake city | Lubbock |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $125,000 | $232,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1360 | $1280 |
Housing Comparison: Lake city vs Lubbock
- The median home price in Lubbock is higher at $232,000, compared to $125,000 in Lake city.
- The rent for a two-bedroom apartment is equal in both Lake city and Lubbock 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 | Lake city | Lubbock |
|---|---|---|
| Electricity Price | $12.36 | $14.47 |
| Natural Gas Price | $17.08 | $26.29 |
| Other Utilities | $240 | $260 |
Utilities Comparison: Lake city vs Lubbock
- Lubbock has higher electricity costs at $14.47 per kWh, versus $12.36 in Lake city.
- Lubbock experiences higher natural gas costs at $26.29 per unit, with costs at $17.08 in Lake city.
- Lubbock has higher utility expenses, averaging $260, while Lake city averages $240.