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.