Cost of Living: Erie, CO vs Lakewood, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Erie | Lakewood |
|---|---|---|
| Housing Index | 120.5 | 115.0 |
| Median Home Price | $574,000 | $190,000 |
| Average Rent (2 BR Apartment) | $2300 | $1600 |
| Average Rent (2 BR House) | $2400 | $1640 |
Housing Comparison: Erie vs Lakewood
- In Erie, the median home price is higher at $574,000, while in Lakewood it is $190,000.
- Renting a two-bedroom apartment costs more in Erie at $2,300 than in Lakewood at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Erie | Lakewood |
|---|---|---|
| Electricity Price | $15.21 | $26.08 |
| Natural Gas Price | $11.3 | $18.13 |
| Other Utilities | $275 | $250 |
Utilities Comparison: Erie vs Lakewood
- Lakewood has higher electricity costs at $26.08 per kWh, versus $15.21 in Erie.
- Lakewood experiences higher natural gas costs at $18.13 per unit, with costs at $11.3 in Erie.
- Other utility costs are higher in Erie at an average of $275, compared to Lakewood with $250.