Cost of Living: Lakeville, MN vs Otis, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakeville | Otis |
|---|---|---|
| Housing Index | 110.0 | Data is updating |
| Median Home Price | $380,000 | $350,000 |
| Average Rent (2 BR Apartment) | $1800 | $Data is updating |
| Average Rent (2 BR House) | $1920 | $Data is updating |
Housing Comparison: Lakeville vs Otis
- In Lakeville, the median home price is higher at $380,000, while in Otis it is $350,000.
- The rent for a two-bedroom apartment is equal in both Lakeville and Otis 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 | Otis |
|---|---|---|
| Electricity Price | $16.38 | $28.15 |
| Natural Gas Price | $14.87 | $21.62 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Lakeville vs Otis
- Otis has higher electricity costs at $28.15 per kWh, versus $16.38 in Lakeville.
- Otis experiences higher natural gas costs at $21.62 per unit, with costs at $14.87 in Lakeville.
- Utility expenses are equal in both Lakeville and Otis averaging $250.