Cost of Living: Lakeville, MN vs Mansfield, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakeville | Mansfield |
|---|---|---|
| Housing Index | 110.0 | 115.0 |
| Median Home Price | $380,000 | $399,900 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $1920 | $1845 |
Housing Comparison: Lakeville vs Mansfield
- The median home price in Mansfield is higher at $399,900, compared to $380,000 in Lakeville.
- The rent for a two-bedroom apartment is equal in both Lakeville and Mansfield at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lakeville | Mansfield |
|---|---|---|
| Electricity Price | $16.38 | $14.47 |
| Natural Gas Price | $14.87 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lakeville vs Mansfield
- Electricity costs are higher in Lakeville at $16.38 per kWh, compared to $14.47 in Mansfield.
- Mansfield experiences higher natural gas costs at $26.29 per unit, with costs at $14.87 in Lakeville.
- Utility expenses are equal in both Lakeville and Mansfield averaging $250.