Cost of Living: Lakewood, WA vs Florence, OR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Florence |
|---|---|---|
| Housing Index | 115.0 | Data is updating |
| Median Home Price | $495,000 | $450,000 |
| Average Rent (2 BR Apartment) | $1800 | $Data is updating |
| Average Rent (2 BR House) | $1840 | $Data is updating |
Housing Comparison: Lakewood vs Florence
- In Lakewood, the median home price is higher at $495,000, while in Florence it is $450,000.
- The rent for a two-bedroom apartment is equal in both Lakewood and Florence 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 | Florence |
|---|---|---|
| Electricity Price | $12.34 | $15.12 |
| Natural Gas Price | $18.14 | $16.5 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Lakewood vs Florence
- Florence has higher electricity costs at $15.12 per kWh, versus $12.34 in Lakewood.
- Natural gas is more expensive in Lakewood at $18.14 per unit, while it is cheaper at $16.5 in Florence.
- Utility expenses are equal in both Lakewood and Florence averaging $250.