Cost of Living: Lakewood, NJ vs Woodburn, OR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Woodburn |
|---|---|---|
| Housing Index | 120.0 | 90.0 |
| Median Home Price | $423,000 | $419,000 |
| Average Rent (2 BR Apartment) | $2200 | $1600 |
| Average Rent (2 BR House) | $2160 | $1440 |
Housing Comparison: Lakewood vs Woodburn
- In Lakewood, the median home price is higher at $423,000, while in Woodburn it is $419,000.
- Renting a two-bedroom apartment costs more in Lakewood at $2,200 than in Woodburn at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lakewood | Woodburn |
|---|---|---|
| Electricity Price | $19.88 | $15.12 |
| Natural Gas Price | $14.01 | $16.5 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Lakewood vs Woodburn
- Electricity costs are higher in Lakewood at $19.88 per kWh, compared to $15.12 in Woodburn.
- Woodburn experiences higher natural gas costs at $16.5 per unit, with costs at $14.01 in Lakewood.
- Other utility costs are higher in Lakewood at an average of $250, compared to Woodburn with $200.