Cost of Living: Lakeville, MN vs Boaz, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakeville | Boaz |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $380,000 | $189,000 |
| Average Rent (2 BR Apartment) | $1800 | $950 |
| Average Rent (2 BR House) | $1920 | $1200 |
Housing Comparison: Lakeville vs Boaz
- In Lakeville, the median home price is higher at $380,000, while in Boaz it is $189,000.
- In Boaz, the rental for a two-bedroom apartment stands at $950, while it is $1,800 in Lakeville.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lakeville | Boaz |
|---|---|---|
| Electricity Price | $16.38 | $15.03 |
| Natural Gas Price | $14.87 | $21.76 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Lakeville vs Boaz
- Electricity costs are higher in Lakeville at $16.38 per kWh, compared to $15.03 in Boaz.
- Boaz experiences higher natural gas costs at $21.76 per unit, with costs at $14.87 in Lakeville.
- Other utility costs are higher in Lakeville at an average of $250, compared to Boaz with $200.