Cost of Living: Mankato, MN vs Lakeville, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Mankato | Lakeville |
|---|---|---|
| Housing Index | 90.0 | 125.0 |
| Median Home Price | $253,000 | $400,000 |
| Average Rent (2 BR Apartment) | $1500 | $2200 |
| Average Rent (2 BR House) | $1550 | $2240 |
Housing Comparison: Mankato vs Lakeville
- The median home price in Lakeville is higher at $400,000, compared to $253,000 in Mankato.
- In Lakeville, the rental for a two-bedroom apartment stands at $2,200, while it is $1,500 in Mankato.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Mankato | Lakeville |
|---|---|---|
| Electricity Price | $16.38 | $28.15 |
| Natural Gas Price | $14.87 | $21.62 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Mankato vs Lakeville
- Lakeville has higher electricity costs at $28.15 per kWh, versus $16.38 in Mankato.
- Lakeville experiences higher natural gas costs at $21.62 per unit, with costs at $14.87 in Mankato.
- Lakeville has higher utility expenses, averaging $250, while Mankato averages $200.