Cost of Living: Lake city, FL vs Benton, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lake city | Benton |
|---|---|---|
| Housing Index | 85.0 | 75.0 |
| Median Home Price | $262,000 | $219,900 |
| Average Rent (2 BR Apartment) | $1200 | $800 |
| Average Rent (2 BR House) | $1360 | $1200 |
Housing Comparison: Lake city vs Benton
- In Lake city, the median home price is higher at $262,000, while in Benton it is $219,900.
- In Benton, the rental for a two-bedroom apartment stands at $800, while it is $1,200 in Lake city.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lake city | Benton |
|---|---|---|
| Electricity Price | $13.89 | $16.15 |
| Natural Gas Price | $26.13 | $16.59 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Lake city vs Benton
- Benton has higher electricity costs at $16.15 per kWh, versus $13.89 in Lake city.
- Natural gas is more expensive in Lake city at $26.13 per unit, while it is cheaper at $16.59 in Benton.
- Utility expenses are equal in both Lake city and Benton averaging $200.