Cost of Living: Lakeville, MN vs Paducah, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakeville | Paducah |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $380,000 | $161,000 |
| Average Rent (2 BR Apartment) | $1800 | $800 |
| Average Rent (2 BR House) | $1920 | $1000 |
Housing Comparison: Lakeville vs Paducah
- In Lakeville, the median home price is higher at $380,000, while in Paducah it is $161,000.
- In Paducah, the rental for a two-bedroom apartment stands at $800, 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 | Paducah |
|---|---|---|
| Electricity Price | $16.38 | $12.87 |
| Natural Gas Price | $14.87 | $22.78 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lakeville vs Paducah
- Electricity costs are higher in Lakeville at $16.38 per kWh, compared to $12.87 in Paducah.
- Paducah experiences higher natural gas costs at $22.78 per unit, with costs at $14.87 in Lakeville.
- Utility expenses are equal in both Lakeville and Paducah averaging $250.