Cost of Living: Lakeville, MA vs Baltimore, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakeville | Baltimore |
|---|---|---|
| Housing Index | 125.0 | 125.0 |
| Median Home Price | $400,000 | $288,000 |
| Average Rent (2 BR Apartment) | $2200 | $2200 |
| Average Rent (2 BR House) | $2240 | $2240 |
Housing Comparison: Lakeville vs Baltimore
- In Lakeville, the median home price is higher at $400,000, while in Baltimore it is $288,000.
- The rent for a two-bedroom apartment is equal in both Lakeville and Baltimore at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lakeville | Baltimore |
|---|---|---|
| Electricity Price | $28.15 | $17.41 |
| Natural Gas Price | $21.62 | $18.44 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lakeville vs Baltimore
- Electricity costs are higher in Lakeville at $28.15 per kWh, compared to $17.41 in Baltimore.
- Natural gas is more expensive in Lakeville at $21.62 per unit, while it is cheaper at $18.44 in Baltimore.
- Utility expenses are equal in both Lakeville and Baltimore averaging $250.