Cost of Living: Raton, NM vs Lakewood, WA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Raton | Lakewood |
|---|---|---|
| Housing Index | 90.0 | 115.0 |
| Median Home Price | $180,000 | $495,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1600 | $1840 |
Housing Comparison: Raton vs Lakewood
- The median home price in Lakewood is higher at $495,000, compared to $180,000 in Raton.
- In Lakewood, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Raton.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Raton | Lakewood |
|---|---|---|
| Electricity Price | $14.44 | $12.34 |
| Natural Gas Price | $Data is updating | $18.14 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Raton vs Lakewood
- Electricity costs are higher in Raton at $14.44 per kWh, compared to $12.34 in Lakewood.
- Natural gas price data is currently unavailable.
- Lakewood has higher utility expenses, averaging $250, while Raton averages $200.