Cost of Living: Lake city, FL vs Harrison, AR

Housing

The housing market plays a significant role in determining the cost of living.

Metric Lake city Harrison
Housing Index 85.0 90.5
Median Home Price $262,000 $186,000
Average Rent (2 BR Apartment) $1200 $800
Average Rent (2 BR House) $1360 $840

Housing Comparison: Lake city vs Harrison

  • In Lake city, the median home price is higher at $262,000, while in Harrison it is $186,000.
  • In Harrison, 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 Harrison
Electricity Price $13.89 $12.36
Natural Gas Price $26.13 $17.08
Other Utilities $200 $200

Utilities Comparison: Lake city vs Harrison

  • Electricity costs are higher in Lake city at $13.89 per kWh, compared to $12.36 in Harrison.
  • Natural gas is more expensive in Lake city at $26.13 per unit, while it is cheaper at $17.08 in Harrison.
  • Utility expenses are equal in both Lake city and Harrison averaging $200.