Cost of Living: Lakewood, CO vs Redfield, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Redfield |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $568,000 | $185,000 |
| Average Rent (2 BR Apartment) | $2100 | $800 |
| Average Rent (2 BR House) | $2145 | $960 |
Housing Comparison: Lakewood vs Redfield
- In Lakewood, the median home price is higher at $568,000, while in Redfield it is $185,000.
- In Redfield, the rental for a two-bedroom apartment stands at $800, while it is $2,100 in Lakewood.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lakewood | Redfield |
|---|---|---|
| Electricity Price | $15.21 | $14.82 |
| Natural Gas Price | $11.3 | $15.61 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Lakewood vs Redfield
- Electricity costs are higher in Lakewood at $15.21 per kWh, compared to $14.82 in Redfield.
- Redfield experiences higher natural gas costs at $15.61 per unit, with costs at $11.3 in Lakewood.
- Other utility costs are higher in Lakewood at an average of $250, compared to Redfield with $200.