Cost of Living: Chanhassen, MN vs Lockwood, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Chanhassen | Lockwood |
|---|---|---|
| Housing Index | 120.0 | 85.0 |
| Median Home Price | $481,500 | $162,500 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1856 | $1240 |
Housing Comparison: Chanhassen vs Lockwood
- In Chanhassen, the median home price is higher at $481,500, while in Lockwood it is $162,500.
- Renting a two-bedroom apartment costs more in Chanhassen at $1,800 than in Lockwood 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 | Chanhassen | Lockwood |
|---|---|---|
| Electricity Price | $16.38 | $14.64 |
| Natural Gas Price | $14.87 | $23.25 |
| Other Utilities | $250 | $150 |
Utilities Comparison: Chanhassen vs Lockwood
- Electricity costs are higher in Chanhassen at $16.38 per kWh, compared to $14.64 in Lockwood.
- Lockwood experiences higher natural gas costs at $23.25 per unit, with costs at $14.87 in Chanhassen.
- Other utility costs are higher in Chanhassen at an average of $250, compared to Lockwood with $150.