Cost of Living: Lakewood, WA vs Valley, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lakewood | Valley |
|---|---|---|
| Housing Index | 115.0 | 70.0 |
| Median Home Price | $495,000 | $203,000 |
| Average Rent (2 BR Apartment) | $1800 | $800 |
| Average Rent (2 BR House) | $1840 | $850 |
Housing Comparison: Lakewood vs Valley
- In Lakewood, the median home price is higher at $495,000, while in Valley it is $203,000.
- In Valley, the rental for a two-bedroom apartment stands at $800, 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 | Valley |
|---|---|---|
| Electricity Price | $12.34 | $15.03 |
| Natural Gas Price | $18.14 | $21.76 |
| Other Utilities | $250 | $180 |
Utilities Comparison: Lakewood vs Valley
- Valley has higher electricity costs at $15.03 per kWh, versus $12.34 in Lakewood.
- Valley experiences higher natural gas costs at $21.76 per unit, with costs at $18.14 in Lakewood.
- Other utility costs are higher in Lakewood at an average of $250, compared to Valley with $180.