Cost of Living: Houghton, MI vs Lakeland, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Houghton | Lakeland |
|---|---|---|
| Housing Index | 95.0 | Data is updating |
| Median Home Price | $180,000 | $289,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Houghton vs Lakeland
- The median home price in Lakeland is higher at $289,000, compared to $180,000 in Houghton.
- The rent for a two-bedroom apartment is equal in both Houghton and Lakeland at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Houghton | Lakeland |
|---|---|---|
| Electricity Price | $19.88 | $13.89 |
| Natural Gas Price | $15.42 | $26.13 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Houghton vs Lakeland
- Electricity costs are higher in Houghton at $19.88 per kWh, compared to $13.89 in Lakeland.
- Lakeland experiences higher natural gas costs at $26.13 per unit, with costs at $15.42 in Houghton.
- Utility expenses are equal in both Houghton and Lakeland averaging $250.