Cost of Living: Lakewood, NY vs Lake hiawatha, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Lake hiawatha |
|---|---|---|
| Housing Index | 115.0 | Data is updating |
| Median Home Price | $190,000 | $360,000 |
| Average Rent (2 BR Apartment) | $1600 | $Data is updating |
| Average Rent (2 BR House) | $1640 | $Data is updating |
Housing Comparison: Lakewood vs Lake hiawatha
- The median home price in Lake hiawatha is higher at $360,000, compared to $190,000 in Lakewood.
- The rent for a two-bedroom apartment is equal in both Lakewood and Lake hiawatha 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 | Lake hiawatha |
|---|---|---|
| Electricity Price | $26.08 | $19.88 |
| Natural Gas Price | $18.13 | $14.01 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Lakewood vs Lake hiawatha
- Electricity costs are higher in Lakewood at $26.08 per kWh, compared to $19.88 in Lake hiawatha.
- Natural gas is more expensive in Lakewood at $18.13 per unit, while it is cheaper at $14.01 in Lake hiawatha.
- Utility expenses are equal in both Lakewood and Lake hiawatha averaging $250.