Cost of Living: Federal way, WA vs Lake elsinore, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Federal way | Lake elsinore |
|---|---|---|
| Housing Index | 120.0 | 120.5 |
| Median Home Price | $566,500 | $535,000 |
| Average Rent (2 BR Apartment) | $2200 | $2400 |
| Average Rent (2 BR House) | $2240 | $2425 |
Housing Comparison: Federal way vs Lake elsinore
- In Federal way, the median home price is higher at $566,500, while in Lake elsinore it is $535,000.
- In Lake elsinore, the rental for a two-bedroom apartment stands at $2,400, while it is $2,200 in Federal way.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Federal way | Lake elsinore |
|---|---|---|
| Electricity Price | $12.34 | $32.99 |
| Natural Gas Price | $18.14 | $16.99 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Federal way vs Lake elsinore
- Lake elsinore has higher electricity costs at $32.99 per kWh, versus $12.34 in Federal way.
- Natural gas is more expensive in Federal way at $18.14 per unit, while it is cheaper at $16.99 in Lake elsinore.
- Lake elsinore has higher utility expenses, averaging $280, while Federal way averages $250.