Cost of Living: Lakewood, NY vs Panama, OK
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Panama |
|---|---|---|
| Housing Index | 115.0 | Data is updating |
| Median Home Price | $190,000 | $120,000 |
| Average Rent (2 BR Apartment) | $1600 | $Data is updating |
| Average Rent (2 BR House) | $1640 | $Data is updating |
Housing Comparison: Lakewood vs Panama
- In Lakewood, the median home price is higher at $190,000, while in Panama it is $120,000.
- The rent for a two-bedroom apartment is equal in both Lakewood and Panama 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 | Panama |
|---|---|---|
| Electricity Price | $26.08 | $12.37 |
| Natural Gas Price | $18.13 | $20.27 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Lakewood vs Panama
- Electricity costs are higher in Lakewood at $26.08 per kWh, compared to $12.37 in Panama.
- Panama experiences higher natural gas costs at $20.27 per unit, with costs at $18.13 in Lakewood.
- Utility expenses are equal in both Lakewood and Panama averaging $250.