Cost of Living: Lakewood, NY vs Ada, OK
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Ada |
|---|---|---|
| Housing Index | 115.0 | 78.0 |
| Median Home Price | $190,000 | $136,000 |
| Average Rent (2 BR Apartment) | $1600 | $950 |
| Average Rent (2 BR House) | $1640 | $1025 |
Housing Comparison: Lakewood vs Ada
- In Lakewood, the median home price is higher at $190,000, while in Ada it is $136,000.
- In Ada, the rental for a two-bedroom apartment stands at $950, while it is $1,600 in Lakewood.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lakewood | Ada |
|---|---|---|
| Electricity Price | $26.08 | $12.37 |
| Natural Gas Price | $18.13 | $20.27 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Lakewood vs Ada
- Electricity costs are higher in Lakewood at $26.08 per kWh, compared to $12.37 in Ada.
- Ada experiences higher natural gas costs at $20.27 per unit, with costs at $18.13 in Lakewood.
- Other utility costs are higher in Lakewood at an average of $250, compared to Ada with $200.