Cost of Living: Lakeville, MN vs Gallup, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakeville | Gallup |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $380,000 | $230,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1920 | $1360 |
Housing Comparison: Lakeville vs Gallup
- In Lakeville, the median home price is higher at $380,000, while in Gallup it is $230,000.
- Renting a two-bedroom apartment costs more in Lakeville at $1,800 than in Gallup 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 | Gallup |
|---|---|---|
| Electricity Price | $16.38 | $14.44 |
| Natural Gas Price | $14.87 | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Lakeville vs Gallup
- Electricity costs are higher in Lakeville at $16.38 per kWh, compared to $14.44 in Gallup.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Lakeville at an average of $250, compared to Gallup with $200.