Cost of Living: Ferndale, NY vs Lakeville, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ferndale | Lakeville |
|---|---|---|
| Housing Index | Data is updating | 110.0 |
| Median Home Price | $300,000 | $380,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1800 |
| Average Rent (2 BR House) | $Data is updating | $1920 |
Housing Comparison: Ferndale vs Lakeville
- The median home price in Lakeville is higher at $380,000, compared to $300,000 in Ferndale.
- The rent for a two-bedroom apartment is equal in both Ferndale and Lakeville at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Ferndale | Lakeville |
|---|---|---|
| Electricity Price | $26.08 | $16.38 |
| Natural Gas Price | $18.13 | $14.87 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Ferndale vs Lakeville
- Electricity costs are higher in Ferndale at $26.08 per kWh, compared to $16.38 in Lakeville.
- Natural gas is more expensive in Ferndale at $18.13 per unit, while it is cheaper at $14.87 in Lakeville.
- Utility expenses are equal in both Ferndale and Lakeville averaging $0.0.