Cost of Living: Lubbock, TX vs Lakewood, WA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lubbock | Lakewood |
|---|---|---|
| Housing Index | 85.0 | 115.0 |
| Median Home Price | $232,000 | $495,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1280 | $1840 |
Housing Comparison: Lubbock vs Lakewood
- The median home price in Lakewood is higher at $495,000, compared to $232,000 in Lubbock.
- In Lakewood, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Lubbock.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lubbock | Lakewood |
|---|---|---|
| Electricity Price | $14.47 | $12.34 |
| Natural Gas Price | $26.29 | $18.14 |
| Other Utilities | $260 | $250 |
Utilities Comparison: Lubbock vs Lakewood
- Electricity costs are higher in Lubbock at $14.47 per kWh, compared to $12.34 in Lakewood.
- Natural gas is more expensive in Lubbock at $26.29 per unit, while it is cheaper at $18.14 in Lakewood.
- Other utility costs are higher in Lubbock at an average of $260, compared to Lakewood with $250.