Cost of Living: Downey, CA vs Lakeville, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Downey | Lakeville |
|---|---|---|
| Housing Index | 140.0 | 110.0 |
| Median Home Price | $600,000 | $380,000 |
| Average Rent (2 BR Apartment) | $2500 | $1800 |
| Average Rent (2 BR House) | $2400 | $1920 |
Housing Comparison: Downey vs Lakeville
- In Downey, the median home price is higher at $600,000, while in Lakeville it is $380,000.
- Renting a two-bedroom apartment costs more in Downey at $2,500 than in Lakeville at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Downey | Lakeville |
|---|---|---|
| Electricity Price | $32.99 | $16.38 |
| Natural Gas Price | $16.99 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Downey vs Lakeville
- Electricity costs are higher in Downey at $32.99 per kWh, compared to $16.38 in Lakeville.
- Natural gas is more expensive in Downey at $16.99 per unit, while it is cheaper at $14.87 in Lakeville.
- Utility expenses are equal in both Downey and Lakeville averaging $250.