Cost of Living: Lakewood, WA vs Erskine, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Erskine |
|---|---|---|
| Housing Index | 115.0 | Data is updating |
| Median Home Price | $495,000 | $136,070 |
| Average Rent (2 BR Apartment) | $1800 | $Data is updating |
| Average Rent (2 BR House) | $1840 | $Data is updating |
Housing Comparison: Lakewood vs Erskine
- In Lakewood, the median home price is higher at $495,000, while in Erskine it is $136,070.
- The rent for a two-bedroom apartment is equal in both Lakewood and Erskine at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lakewood | Erskine |
|---|---|---|
| Electricity Price | $12.34 | $16.38 |
| Natural Gas Price | $18.14 | $14.87 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Lakewood vs Erskine
- Erskine has higher electricity costs at $16.38 per kWh, versus $12.34 in Lakewood.
- Natural gas is more expensive in Lakewood at $18.14 per unit, while it is cheaper at $14.87 in Erskine.
- Utility expenses are equal in both Lakewood and Erskine averaging $250.