Cost of Living: Lake park, GA vs Red bay, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lake park | Red bay |
|---|---|---|
| Housing Index | Data is updating | 90.0 |
| Median Home Price | $135,000 | $167,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $960 |
| Average Rent (2 BR House) | $Data is updating | $992 |
Housing Comparison: Lake park vs Red bay
- The median home price in Red bay is higher at $167,000, compared to $135,000 in Lake park.
- The rent for a two-bedroom apartment is equal in both Lake park and Red bay at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lake park | Red bay |
|---|---|---|
| Electricity Price | $15.53 | $15.03 |
| Natural Gas Price | $27.53 | $21.76 |
| Other Utilities | $Data is updating | $220 |
Utilities Comparison: Lake park vs Red bay
- Electricity costs are higher in Lake park at $15.53 per kWh, compared to $15.03 in Red bay.
- Natural gas is more expensive in Lake park at $27.53 per unit, while it is cheaper at $21.76 in Red bay.
- Utility expenses are equal in both Lake park and Red bay averaging $0.0.