Cost of Living: Lakewood, NJ vs Milwaukee, WI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Milwaukee |
|---|---|---|
| Housing Index | 120.0 | 95.0 |
| Median Home Price | $423,000 | $206,000 |
| Average Rent (2 BR Apartment) | $2200 | $1200 |
| Average Rent (2 BR House) | $2160 | $1280 |
Housing Comparison: Lakewood vs Milwaukee
- In Lakewood, the median home price is higher at $423,000, while in Milwaukee it is $206,000.
- Renting a two-bedroom apartment costs more in Lakewood at $2,200 than in Milwaukee 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 | Milwaukee |
|---|---|---|
| Electricity Price | $19.88 | $17.6 |
| Natural Gas Price | $14.01 | $11.5 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lakewood vs Milwaukee
- Electricity costs are higher in Lakewood at $19.88 per kWh, compared to $17.6 in Milwaukee.
- Natural gas is more expensive in Lakewood at $14.01 per unit, while it is cheaper at $11.5 in Milwaukee.
- Utility expenses are equal in both Lakewood and Milwaukee averaging $250.