Cost of Living: Lakewood, NJ vs Pesotum, IL

Housing

The housing market plays a significant role in determining the cost of living.

Metric Lakewood Pesotum
Housing Index 120.0 Data is updating
Median Home Price $423,000 $211,000
Average Rent (2 BR Apartment) $2200 $Data is updating
Average Rent (2 BR House) $2160 $Data is updating

Housing Comparison: Lakewood vs Pesotum

  • In Lakewood, the median home price is higher at $423,000, while in Pesotum it is $211,000.
  • The rent for a two-bedroom apartment is equal in both Lakewood and Pesotum 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 Pesotum
Electricity Price $19.88 $16.15
Natural Gas Price $14.01 $16.59
Other Utilities $250 $Data is updating

Utilities Comparison: Lakewood vs Pesotum

  • Electricity costs are higher in Lakewood at $19.88 per kWh, compared to $16.15 in Pesotum.
  • Pesotum experiences higher natural gas costs at $16.59 per unit, with costs at $14.01 in Lakewood.
  • Utility expenses are equal in both Lakewood and Pesotum averaging $250.