Cost of Living: Lakeville, MN vs Harrison, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakeville | Harrison |
|---|---|---|
| Housing Index | 110.0 | 125.4 |
| Median Home Price | $380,000 | $420,000 |
| Average Rent (2 BR Apartment) | $1800 | $2400 |
| Average Rent (2 BR House) | $1920 | $2457 |
Housing Comparison: Lakeville vs Harrison
- The median home price in Harrison is higher at $420,000, compared to $380,000 in Lakeville.
- In Harrison, the rental for a two-bedroom apartment stands at $2,400, while it is $1,800 in Lakeville.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lakeville | Harrison |
|---|---|---|
| Electricity Price | $16.38 | $19.88 |
| Natural Gas Price | $14.87 | $14.01 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lakeville vs Harrison
- Harrison has higher electricity costs at $19.88 per kWh, versus $16.38 in Lakeville.
- Natural gas is more expensive in Lakeville at $14.87 per unit, while it is cheaper at $14.01 in Harrison.
- Utility expenses are equal in both Lakeville and Harrison averaging $250.