Cost of Living: Lakewood, NY vs Lynn, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Lynn |
|---|---|---|
| Housing Index | 115.0 | 125.0 |
| Median Home Price | $190,000 | $476,800 |
| Average Rent (2 BR Apartment) | $1600 | $2400 |
| Average Rent (2 BR House) | $1640 | $2496 |
Housing Comparison: Lakewood vs Lynn
- The median home price in Lynn is higher at $476,800, compared to $190,000 in Lakewood.
- In Lynn, the rental for a two-bedroom apartment stands at $2,400, 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 | Lynn |
|---|---|---|
| Electricity Price | $26.08 | $28.15 |
| Natural Gas Price | $18.13 | $21.62 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Lakewood vs Lynn
- Lynn has higher electricity costs at $28.15 per kWh, versus $26.08 in Lakewood.
- Lynn experiences higher natural gas costs at $21.62 per unit, with costs at $18.13 in Lakewood.
- Lynn has higher utility expenses, averaging $280, while Lakewood averages $250.