Cost of Living: Lakewood, CO vs Medford, WI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Medford |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $568,000 | $183,000 |
| Average Rent (2 BR Apartment) | $2100 | $1200 |
| Average Rent (2 BR House) | $2145 | $1266 |
Housing Comparison: Lakewood vs Medford
- In Lakewood, the median home price is higher at $568,000, while in Medford it is $183,000.
- Renting a two-bedroom apartment costs more in Lakewood at $2,100 than in Medford 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 | Lakewood | Medford |
|---|---|---|
| Electricity Price | $15.21 | $17.6 |
| Natural Gas Price | $11.3 | $11.5 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Lakewood vs Medford
- Medford has higher electricity costs at $17.6 per kWh, versus $15.21 in Lakewood.
- Medford experiences higher natural gas costs at $11.5 per unit, with costs at $11.3 in Lakewood.
- Other utility costs are higher in Lakewood at an average of $250, compared to Medford with $200.