Cost of Living: Lakewood, NY vs Cambridge, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Cambridge |
|---|---|---|
| Housing Index | 115.0 | 150.0 |
| Median Home Price | $190,000 | $769,000 |
| Average Rent (2 BR Apartment) | $1600 | $3000 |
| Average Rent (2 BR House) | $1640 | $3120 |
Housing Comparison: Lakewood vs Cambridge
- The median home price in Cambridge is higher at $769,000, compared to $190,000 in Lakewood.
- In Cambridge, the rental for a two-bedroom apartment stands at $3,000, 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 | Cambridge |
|---|---|---|
| Electricity Price | $26.08 | $28.15 |
| Natural Gas Price | $18.13 | $21.62 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Lakewood vs Cambridge
- Cambridge has higher electricity costs at $28.15 per kWh, versus $26.08 in Lakewood.
- Cambridge experiences higher natural gas costs at $21.62 per unit, with costs at $18.13 in Lakewood.
- Other utility costs are higher in Lakewood at an average of $250, compared to Cambridge with $200.