Cost of Living: Draper, UT vs Lakewood, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Draper | Lakewood |
|---|---|---|
| Housing Index | 120.3 | 115.0 |
| Median Home Price | $487,500 | $568,000 |
| Average Rent (2 BR Apartment) | $1900 | $2100 |
| Average Rent (2 BR House) | $1938 | $2145 |
Housing Comparison: Draper vs Lakewood
- The median home price in Lakewood is higher at $568,000, compared to $487,500 in Draper.
- In Lakewood, the rental for a two-bedroom apartment stands at $2,100, while it is $1,900 in Draper.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Draper | Lakewood |
|---|---|---|
| Electricity Price | $11.5 | $15.21 |
| Natural Gas Price | $14 | $11.3 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Draper vs Lakewood
- Lakewood has higher electricity costs at $15.21 per kWh, versus $11.5 in Draper.
- Natural gas is more expensive in Draper at $14 per unit, while it is cheaper at $11.3 in Lakewood.
- Utility expenses are equal in both Draper and Lakewood averaging $250.