Cost of Living: Lakewood, NJ vs Hydes, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Hydes |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $423,000 | $300,000 |
| Average Rent (2 BR Apartment) | $2200 | $Data is updating |
| Average Rent (2 BR House) | $2160 | $Data is updating |
Housing Comparison: Lakewood vs Hydes
- In Lakewood, the median home price is higher at $423,000, while in Hydes it is $300,000.
- The rent for a two-bedroom apartment is equal in both Lakewood and Hydes at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lakewood | Hydes |
|---|---|---|
| Electricity Price | $19.88 | $17.41 |
| Natural Gas Price | $14.01 | $18.44 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Lakewood vs Hydes
- Electricity costs are higher in Lakewood at $19.88 per kWh, compared to $17.41 in Hydes.
- Hydes experiences higher natural gas costs at $18.44 per unit, with costs at $14.01 in Lakewood.
- Utility expenses are equal in both Lakewood and Hydes averaging $250.