Cost of Living: Lake city, FL vs Little falls, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lake city | Little falls |
|---|---|---|
| Housing Index | 85.0 | 95.0 |
| Median Home Price | $262,000 | $84,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1360 | $1240 |
Housing Comparison: Lake city vs Little falls
- In Lake city, the median home price is higher at $262,000, while in Little falls it is $84,000.
- The rent for a two-bedroom apartment is equal in both Lake city and Little falls 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 | Lake city | Little falls |
|---|---|---|
| Electricity Price | $13.89 | $16.38 |
| Natural Gas Price | $26.13 | $14.87 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Lake city vs Little falls
- Little falls has higher electricity costs at $16.38 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 $14.87 in Little falls.
- Little falls has higher utility expenses, averaging $250, while Lake city averages $200.