Cost of Living: Lakewood, NJ vs Milford, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Milford |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $423,000 | $373,000 |
| Average Rent (2 BR Apartment) | $2200 | $Data is updating |
| Average Rent (2 BR House) | $2160 | $Data is updating |
Housing Comparison: Lakewood vs Milford
- In Lakewood, the median home price is higher at $423,000, while in Milford it is $373,000.
- The rent for a two-bedroom apartment is equal in both Lakewood and Milford 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 | Milford |
|---|---|---|
| Electricity Price | $19.88 | $28.15 |
| Natural Gas Price | $14.01 | $21.62 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Lakewood vs Milford
- Milford has higher electricity costs at $28.15 per kWh, versus $19.88 in Lakewood.
- Milford experiences higher natural gas costs at $21.62 per unit, with costs at $14.01 in Lakewood.
- Utility expenses are equal in both Lakewood and Milford averaging $250.