Cost of Living: Hoffman estates, IL vs Lakeland, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hoffman estates | Lakeland |
|---|---|---|
| Housing Index | 110.5 | Data is updating |
| Median Home Price | $390,000 | $289,000 |
| Average Rent (2 BR Apartment) | $1800 | $Data is updating |
| Average Rent (2 BR House) | $1900 | $Data is updating |
Housing Comparison: Hoffman estates vs Lakeland
- In Hoffman estates, the median home price is higher at $390,000, while in Lakeland it is $289,000.
- The rent for a two-bedroom apartment is equal in both Hoffman estates and Lakeland 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 | Hoffman estates | Lakeland |
|---|---|---|
| Electricity Price | $16.15 | $13.89 |
| Natural Gas Price | $16.59 | $26.13 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Hoffman estates vs Lakeland
- Electricity costs are higher in Hoffman estates at $16.15 per kWh, compared to $13.89 in Lakeland.
- Lakeland experiences higher natural gas costs at $26.13 per unit, with costs at $16.59 in Hoffman estates.
- Utility expenses are equal in both Hoffman estates and Lakeland averaging $250.