Cost of Living: Lakewood, NJ vs Norway, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Norway |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $423,000 | $156,000 |
| Average Rent (2 BR Apartment) | $2200 | $Data is updating |
| Average Rent (2 BR House) | $2160 | $Data is updating |
Housing Comparison: Lakewood vs Norway
- In Lakewood, the median home price is higher at $423,000, while in Norway it is $156,000.
- The rent for a two-bedroom apartment is equal in both Lakewood and Norway 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 | Norway |
|---|---|---|
| Electricity Price | $19.88 | $14.82 |
| Natural Gas Price | $14.01 | $15.61 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Lakewood vs Norway
- Electricity costs are higher in Lakewood at $19.88 per kWh, compared to $14.82 in Norway.
- Norway experiences higher natural gas costs at $15.61 per unit, with costs at $14.01 in Lakewood.
- Utility expenses are equal in both Lakewood and Norway averaging $250.