Cost of Living: Lakewood, NY vs Fort smith, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Fort smith |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $190,000 | $200,000 |
| Average Rent (2 BR Apartment) | $1600 | $1000 |
| Average Rent (2 BR House) | $1640 | $1200 |
Housing Comparison: Lakewood vs Fort smith
- The median home price in Fort smith is higher at $200,000, compared to $190,000 in Lakewood.
- Renting a two-bedroom apartment costs more in Lakewood at $1,600 than in Fort smith at $1,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lakewood | Fort smith |
|---|---|---|
| Electricity Price | $26.08 | $12.36 |
| Natural Gas Price | $18.13 | $17.08 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Lakewood vs Fort smith
- Electricity costs are higher in Lakewood at $26.08 per kWh, compared to $12.36 in Fort smith.
- Natural gas is more expensive in Lakewood at $18.13 per unit, while it is cheaper at $17.08 in Fort smith.
- Other utility costs are higher in Lakewood at an average of $250, compared to Fort smith with $200.