Cost of Living: Lakewood, WA vs Newark, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Newark |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $495,000 | $176,250 |
| Average Rent (2 BR Apartment) | $1800 | $1120 |
| Average Rent (2 BR House) | $1840 | $1136 |
Housing Comparison: Lakewood vs Newark
- In Lakewood, the median home price is higher at $495,000, while in Newark it is $176,250.
- Renting a two-bedroom apartment costs more in Lakewood at $1,800 than in Newark at $1,120.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lakewood | Newark |
|---|---|---|
| Electricity Price | $12.34 | $15.92 |
| Natural Gas Price | $18.14 | $Data is updating |
| Other Utilities | $250 | $220 |
Utilities Comparison: Lakewood vs Newark
- Newark has higher electricity costs at $15.92 per kWh, versus $12.34 in Lakewood.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Lakewood at an average of $250, compared to Newark with $220.