Cost of Living: Lakeville, MA vs Oxford, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakeville | Oxford |
|---|---|---|
| Housing Index | 125.0 | 90.5 |
| Median Home Price | $400,000 | $244,000 |
| Average Rent (2 BR Apartment) | $2200 | $1200 |
| Average Rent (2 BR House) | $2240 | $1360 |
Housing Comparison: Lakeville vs Oxford
- In Lakeville, the median home price is higher at $400,000, while in Oxford it is $244,000.
- Renting a two-bedroom apartment costs more in Lakeville at $2,200 than in Oxford 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 | Lakeville | Oxford |
|---|---|---|
| Electricity Price | $28.15 | $13.42 |
| Natural Gas Price | $21.62 | $22.19 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Lakeville vs Oxford
- Electricity costs are higher in Lakeville at $28.15 per kWh, compared to $13.42 in Oxford.
- Oxford experiences higher natural gas costs at $22.19 per unit, with costs at $21.62 in Lakeville.
- Other utility costs are higher in Lakeville at an average of $250, compared to Oxford with $200.