Cost of Living: Lima, OH vs Cedar lake, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lima | Cedar lake |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $84,800 | $295,000 |
| Average Rent (2 BR Apartment) | $900 | $1200 |
| Average Rent (2 BR House) | $920 | $1360 |
Housing Comparison: Lima vs Cedar lake
- The median home price in Cedar lake is higher at $295,000, compared to $84,800 in Lima.
- Renting a two-bedroom apartment costs more in Lima at $900 than in Cedar lake 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 | Lima | Cedar lake |
|---|---|---|
| Electricity Price | $15.92 | $14.89 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $150 | $250 |
Utilities Comparison: Lima vs Cedar lake
- Electricity costs are higher in Lima at $15.92 per kWh, compared to $14.89 in Cedar lake.
- Natural gas price data is currently unavailable.
- Cedar lake has higher utility expenses, averaging $250, while Lima averages $150.