Cost of Living: Lakewood, WA vs Owasso, OK
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Owasso |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $495,000 | $272,000 |
| Average Rent (2 BR Apartment) | $1800 | $900 |
| Average Rent (2 BR House) | $1840 | $920 |
Housing Comparison: Lakewood vs Owasso
- In Lakewood, the median home price is higher at $495,000, while in Owasso it is $272,000.
- In Owasso, the rental for a two-bedroom apartment stands at $900, while it is $1,800 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 | Owasso |
|---|---|---|
| Electricity Price | $12.34 | $12.37 |
| Natural Gas Price | $18.14 | $20.27 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lakewood vs Owasso
- Owasso has higher electricity costs at $12.37 per kWh, versus $12.34 in Lakewood.
- Owasso experiences higher natural gas costs at $20.27 per unit, with costs at $18.14 in Lakewood.
- Utility expenses are equal in both Lakewood and Owasso averaging $250.