Cost of Living: Lima, OH vs Lakeville, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lima | Lakeville |
|---|---|---|
| Housing Index | 85.0 | 125.0 |
| Median Home Price | $84,800 | $400,000 |
| Average Rent (2 BR Apartment) | $900 | $2200 |
| Average Rent (2 BR House) | $920 | $2240 |
Housing Comparison: Lima vs Lakeville
- The median home price in Lakeville is higher at $400,000, compared to $84,800 in Lima.
- Renting a two-bedroom apartment costs more in Lima at $900 than in Lakeville at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lima | Lakeville |
|---|---|---|
| Electricity Price | $15.92 | $28.15 |
| Natural Gas Price | $Data is updating | $21.62 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Lima vs Lakeville
- Lakeville has higher electricity costs at $28.15 per kWh, versus $15.92 in Lima.
- Natural gas price data is currently unavailable.
- Lakeville has higher utility expenses, averaging $250, while Lima averages $150.