Cost of Living: Lakewood, NJ vs Davie, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Davie |
|---|---|---|
| Housing Index | 120.0 | 120.3 |
| Median Home Price | $423,000 | $320,000 |
| Average Rent (2 BR Apartment) | $2200 | $2300 |
| Average Rent (2 BR House) | $2160 | $2400 |
Housing Comparison: Lakewood vs Davie
- In Lakewood, the median home price is higher at $423,000, while in Davie it is $320,000.
- In Davie, the rental for a two-bedroom apartment stands at $2,300, while it is $2,200 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 | Davie |
|---|---|---|
| Electricity Price | $19.88 | $13.89 |
| Natural Gas Price | $14.01 | $26.13 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Lakewood vs Davie
- Electricity costs are higher in Lakewood at $19.88 per kWh, compared to $13.89 in Davie.
- Davie experiences higher natural gas costs at $26.13 per unit, with costs at $14.01 in Lakewood.
- Davie has higher utility expenses, averaging $280, while Lakewood averages $250.